Chelsea Community
Helping Keep The Chelsea Community Local
Thu October 28, 2021
Latest News
- Wembley park killings: Danyal Hussein jailed for life for murdering sisters - Danyal Hussein must serve a minimum of 35 years for murdering Nicole Smallman and Bibaa Henry.
- Ilford stabbing: Boy arrested on suspicion of murder - A teenager was found with fatal stab wounds by police called to reports of a fight in the early hours.
- Enfield train crash: Driver arrested after drugs test - About 50 passengers were evacuated from the Overground train when it derailed.
- COP26: 'How I turned my eco-anxiety into climate action' - Clover is worried it could be too late to fix the planet but she has found a way to keep hope.
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.