Helping Keep The Westminster Community Local
Fri April 19, 2019
- Extinction Rebellion: Climate protests 'diverting' London police - Police rest days are cancelled as more than 1,000 officers are deployed in London.
- Four arrested over 'brutal' killing of man in Stoke Newington - A 33-year-old woman and three men, aged 57, 62 and 58 have been arrested on suspicion of murder.
- Santorini deaths: London teachers killed in buggy crash - Milly and Toby Savill were on Santorini when the buggy they were in fell into a ravine.
- Crossrail 'could be delayed until 2021' - The start date for London's new Elizabeth Line could be pushed back again, sources tell the BBC.
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.