Helping Keep The Chelsea Community Local
Thu December 13, 2018
- London violence: 'Concerns' over crime reduction plan - A committee challenges the details of the mayor's new unit to tackle violent crime in London.
- Brexit gloom to hit housing market into 2019, says RICS - Brexit uncertainty is expected to hit the property market over the next three months, surveyors say.
- Ambulance vandalism: Bins and scooters used in attacks - More than 200 acts of vandalism against ambulances have been recorded over the past three years.
- EastEnders set revamp goes £27m over budget - The National Audit Office says the BBC soap's new set "will not be able to deliver value for money".
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.