Helping Keep The Westminster Community Local
Fri February 21, 2020
- St Paul's bomb plot: IS supporter Safiyya Shaikh pleads guilty - Safiyya Shaikh told an undercover police officer she wanted to "kill 'til I'm dead".
- London mosque stabbing victim says he forgives attacker - Raafat Maglad returns to London Central Mosque less than 24 hours after he was stabbed at prayer.
- Bakerloo Line: Tube warning as drivers go on strike - Engineering works will add to the disruption expected as Bakerloo Line drivers walk out.
- UCL ban on staff-student relationships is 'a wake up call' - campaigners - Campaigners welcome a ban on intimate relationships between staff and their students at UCL.
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 Westminster council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.