Sat April 4, 2020
- Coronavirus: Doctor's video after recovering from Covid-19 - GP Anna Childs says it is "not a time to be complacent as there is more Covid-19 in communities".
- Police officer spat at as Gloucester house party broken up - Six people met up at a house in Gloucester and a 41-year-old man has been arrested.
- Coronavirus: Stranded Brit Tom Ramm says 'money running out' - Tom Ramm flew to Morocco in mid-March and says his return flights were cancelled.
- 'I grew closer to my nan with Alzheimer's during isolation' - Tommy Ferris has seen his relationship grow with his grandmother after isolating together.
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.