Helping Keep The Westminster Community Local
Mon December 16, 2019
- Elizabeth Line: Reading-London Paddington services start - Reading has been added to the Tube map as another section of the Elizabeth Line opens.
- Dagenham stabbing: Murder arrest after man dies - The victim, in his 40s, was found with fatal injuries at a property in east London.
- Mesut Ozil: Arsenal-Manchester City game removed from schedules by China state TV - China's state broadcaster CCTV has removed Sunday's Arsenal-Manchester City game from its schedule after comments made by Gunners midfielder Mesut Ozi...
- 'Remember our babies in Christmas cards' - Grieving parents say including their children's names "acknowledges the little life that was".
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.