Helping Keep The Burnham & Buckinghamshire Community Local
Sun May 19, 2019
- Danny Searle: Braintree Town boss quits relegated National League club - Braintree Town boss Danny Searle quits after four months in charge of the club, who have been relegated from the National League.
- Firefighters tackle 'challenging' fire in Waltham Abbey - Gas cylinders were removed from the unit as crews "poured water on it from above", the fire service said.
- Essex family completes FA Cup journey with final tickets - Dan Humphries arrives at the final with sons Liam and George - the 11th round they have been to.
- John 'Goldfinger' Palmer: Trial could 'change loyalties' - Notorious fraudster John "Goldfinger" Palmer was shot six times outside his Essex home in 2015.
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 Burnham council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.