Helping Keep The Chelsea Community Local
Sat May 21, 2022
- Trooping the Colour: Injuries as part of stand collapses - Two people have been taken to hospital after part of a stand collapsed at the Horse Guards Parade.
- Met Police make arrests in London and Essex in terror probe - The arrests of a 17-year-old girl and an 18-year-old man follow the arrest of a 13-year-old in London.
- Parliament could burn down any day, says Andrea Leadsom - Andrea Leadsom says MPs need to "get on" with the project to renovate the building.
- Monkeypox: Doctors concerned over impact on sexual health - Staff at sexual health clinics warn the virus is already stretching the workforce in many places.
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.