Thu November 21, 2019
- Gloucester five-year-old go-karting prodigy breaks lap records - Archie deals with severe anxiety but is showing everybody how confident he is on the track.
- Boys arrested after sand bag smashes M5 lorry windscreen - Two boys are questioned by police after a bag of sand was thrown from a motorway bridge on the M5.
- Elizabeth Tomkins 'glassed' partner after drinking binge - A court is told she had "sunk her teeth into his scrotum" during a previous row.
- Viral Christmas film: 'Uplifting' follow-up released - Made for You tells the romantic story of a couple in a long-distance relationship at Christmas.
Avoiding Payday Loans
Posted by Administrator : Tuesday 5th March 2013
AVOIDING THE DOWNWARD SPIRAL. In the beginning everyone thought these payday loan lenders where all doing us a favour and it sounds so simple borrow a little bit of money just before your payday and then pay back on your payday.
However along with the extortionate interest rates on the initial loan combined with large late fees or large extension fees has led some individuals and families falling into further debt.
Finally the government have realised that local people in various communities have been and still are struggling to recover from these payday loans. Currently there is little legislation in place to help govern how the payday lenders operate and it is estimated the government now plan to put this in place to help these people.
If you have suffered or had a bad experience with a payday lender and are seeking advice, our local Stroud council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.