Helping Keep The Leicestershire Community Local
Wed November 14, 2018
- Leicester explosion: Trio 'wanted £300k insurance payout' - Three men accused of murder are also charged with trying to benefit from an insurance fraud.
- Leicester City helicopter 'did not respond to pilot's command' - Leicester City chairman Vichai Srivaddhanaprabha died in the crash alongside four others.
- Boy, 12, hit by car in Loughborough dies in hospital - The boy, a pedestrian, was taken to hospital with serious injuries where he later died.
- Madeleine McCann investigation receives more funding - The Home Office grant takes the bill for Scotland Yard's inquiry into her disappearance to £11.75m.
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.