Chelsea Community
Helping Keep The Chelsea Community Local
Mon August 19, 2019
Latest News
- Paralympian Lord Holmes denies sexually touching a woman - Lord Holmes of Richmond is accused of touching the woman in a London hotel earlier this year.
- King's Cross investor seeks facial recognition answers - The BT Pension Scheme, which funded the area's redevelopment, asks about use of facial recognition.
- US silicone death: Briton Donna Francis extradited - Donna Francis is accused of killing Kelly Mayhew in a "botched butt enhancement" procedure in 2015.
- Alex Smith stabbing: Two men charged with murder - Alex Smith, 16, was fatally stabbed in Munster Square, Camden on 12 August.
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.