Helping Keep The Chelsea Community Local
Tue October 20, 2020
- Covid: London 10pm curfew should be scrapped, mayor says - Sadiq Khan says the 10pm curfew "does not make sense" and puts hospitality venues at risk.
- Mark Milsome inquest: Cameraman killed when stunt went wrong - Mark Milsome was hit by a Land Rover while filming a scene for a BBC drama, an inquest hears.
- Grenfell Tower: Police to look into 'binned' refurbishment records - The Met will assess whether a crime has been committed after a project manager threw away her notes.
- Southwark police car crash: Four officers injured - One officer is cut free from the vehicle following the collision in a south London street.
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.