Helping Keep The Chelsea Community Local
Tue February 19, 2019
- Euston stabbing: Eleven held after man dies in hotel reception - The victim collapsed in the reception area of the London hotel but died shortly after.
- Maajid Nawaz: LBC presenter 'racially attacked' in London - LBC presenter Maajid Nawaz says he was racially abused and attacked outside a London theatre.
- Rail firms say pre-paid ticket issue 'now resolved' - Passengers were not able to collect pre-paid tickets from machines across the country.
- 'Lady truncheons' and uniforms on show to mark 100 years of women in Met - The exhibition marks 100 years of women working for the Met Police.
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.