Helping Keep The Leicestershire Community Local
Wed September 19, 2018
- Forbidden Forest festival: Loughborough venue may lose licence - A "substantial number of complaints" were made about the Forbidden Forest festival at Wymeswold Airfield.
- Terror raids in Midlands over 'extremist activity' - Counter terrorism officers are searching addresses in Birmingham, Coventry and Leicester.
- Bomb squad warning over magnet fishing - Live ammunition - such as hand grenades - has been found at the bottom of rivers and canals.
- Boy, 15, arrested after van house crash in Leicestershire - Police said the driver of the van left the scene and a teenager has since been arrested.
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 Leicestershire council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.