Helping Keep The Leicestershire Community Local
Wed October 18, 2017
- Ezekiel Braithwaite convicted of 'family insult' murder - Pedro Godinho was fatally injured after a confrontation in a residential car park.
- Craig Shakespeare: Leicester City sack manager four months after appointment - Leicester City sack manager Craig Shakespeare just four months after he took the job on a permanent basis.
- Grandparents 'suicidal' without grandkids - Grandparents in England have no legal right to see their grandchildren and are often denied contact.
- Man convicted of Badoo meet-up murder - Tim Smith, 45, was stabbed in the heart in his car after meeting a man through the Badoo app.
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.