Helping Keep The Westminster Community Local
Mon March 30, 2020
- Coronavirus: NHS Nightingale work for Virgin and EasyJet staff - Virgin Atlantic and EasyJet appeal to staff to step in and help at the NHS Nightingale hospital.
- Tashaun Aird death: Three teens jailed over stab death - Tashaun Aird was knifed nine times in the chest and back during a planned attack in Hackney.
- Timelapse: The streets of London during the coronavirus pandemic - Have you ever seen the streets of the capital so empty?
- Coronavirus: Mercedes F1 to make breathing aid - Thousands of the devices, which deliver oxygen to the lungs without needing a ventilator, could be made.
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.