Helping Keep The Leicestershire Community Local
Fri April 26, 2019
- Teen arrested in Leicester flat fire murder investigation - A second arrest is made over the death of Leah Fray, 27, found in a burning flat in Leicester.
- Download: 'Mindfulness' events planned at metal festival - Download festival will give rock fans a chance to practice "mindfulness" at this year's event.
- Coventry neurosurgeon gave patient 'appalling' surgery - Doctors say his work on a woman now "virtually unable to walk" is deeply flawed.
- Hallaton Bottle Kicking: Villages compete in bruising tradition - The ancient game to get small barrels across Leicestershire streams took place over the hot weekend.
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.