Helping Keep The Chelsea Community Local
Sat January 25, 2020
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- Leyton machete attack: Van driver jailed for wounding officer - The judge said Muhammad Rodwan had shown "not a shred of remorse" for the attack on PC Stuart Outten.
- Tate Modern balcony fall boy can 'now open left hand' - The young boy suffered life changing injuries when he was thrown from a 10th floor viewing platform.
- London tower block 'mouldy and damp' after cladding removed - One resident says she was given a hat and gloves to keep warm after complaining to the council.
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.