Helping Keep The Burnham & Buckinghamshire Community Local
Sun September 22, 2019
- Breast cancer: 'Nothing prepares you for that fear' - Beverley Nash is one of 32 breast cancer patients taking part in a charity fashion show.
- Son who threw mum off care home balcony gets suspended term - Robert Knight pushed his terminally ill mother from a care home fire escape.
- Billericay fatal assault: Family tribute to 'kind' man - The 31-year-old father of two young children died from head injuries in a disturbance outside a bar.
- Essex man skips bail after interpreter 'not available' - Halwest Muradi is charged with rape, attempted rape and sexual assault.
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.