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- Air pollution: Coroner calls for law change after Ella Adoo-Kissi-Debrah's death - Ella Adoo-Kissi-Debrah's mother calls on the government to "reduce air pollution immediately".
- Fishmongers' Hall: Terror attacker shouted 'I'm going to blow you all up' - A former prisoner sprayed a fire extinguisher to try and stop Usman Khan after seeing his 'suicide belt'.
- Benjamin Hannam: Convicted neo-Nazi Met Police officer sacked - Benjamin Hannam is due to be sentenced at the Old Bailey having been found guilty of a terrorist offence.
- London elections: 'I don't feel welcome in this city' - Accessible transport campaigner Katie Pennick says a lack of progress by consecutive London mayors has left her feeling "unwelcome".
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.