Helping Keep The Leicestershire Community Local
Thu January 24, 2019
- Disabled man spent hours on Ibis hotel floor in Reading - Richard Shakespeare says no-one came when he pulled the bathroom emergency cord in the Ibis hotel.
- East Midlands Airport bosses 'ignored security lapses' - A sacked security officer says staff cleared bags which set off alarms on "glitchy" X-ray machines.
- Patisserie Valerie reveals stores to close - The failed cafe chain says 920 jobs will be lost due to the closure of 71 outlets.
- Poor probation service in East Midlands 'putting lives at risk' - The National Association of Probation Officers say contracts do not allow companies to improve.
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.