Helping Keep The Burnham & Buckinghamshire Community Local
Mon March 30, 2020
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- Jack Monroe: Coronavirus cookery for the culinary clueless - Food writer Jack Monroe has been sharing top tips for people who are new to cooking.
- Finest Dental collapse described as 'scandal' by former dentist - The BBC spoke to 87 Finest Dental customers who paid a combined £540,344 for work never completed.
- Coronavirus: Mum's thanks for breast milk delivery to sick baby - New mum Becky stopped visiting Freyja in hospital when her partner developed flu-type symptoms.
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.