Helping Keep The Chelsea Community Local
Thu April 25, 2019
- Extinction Rebellion: Climate activists block London Stock Exchange - Protesters glued themselves to each other and to the building in the City of London.
- What the Airbnb surge means for UK cities - Data analysed by the BBC reveals rocketing number of listings amid debate over the effect on communities.
- Girls in gangs 'failed by authorities' - The children's commissioner calls for a government review into how girls involved in gangs are supported.
- Food bank supplies help record numbers - The UK's biggest food bank charity handed out 1.6 million food packages last year.
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 Chelsea council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.