Helping Keep The Leicestershire Community Local
Tue November 19, 2019
- Leicester East Labour chairman quits 'laughing stock' party - John Thomas says he can "no longer follow the clown that leads" the party.
- East Midlands Airport: Fog led to taxiing plane hitting parked aircraft - Air traffic controllers could not see the two planes due to poor weather.
- Leicestershire exhibition of children's clothes from 1600s - Rarely-seen items from across the centuries have been donated by people in Leicestershire.
- East Midlands schools and roads closed by flooding - Routes remain impassable and motorists are urged to avoid unnecessary journeys.
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.