Helping Keep The Leicestershire Community Local
Fri March 23, 2018
- Mark Cookson death: £20,000 reward offered in appeal - Mark Cookson was involved in an argument in the street three day's before his body was discovered.
- Leicester shop explosion: Demolition work ends at site - The explosion which killed five people including a mother and her two sons "will scar the city".
- Jane Hings trial: Craig Keogh jailed for rape and murder - Craig Keogh is jailed for at least 32 years for raping and killing Jane Hings while high on cocaine.
- Food festivals: Celebrating the great and good of food - Cheese or chocolate? Honey or oysters? The UK is home to festivals dedicated to favourite foods.
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.