Helping Keep The Durham Community Local
Mon December 17, 2018
- John Roberts murder: Police still 'determined' to catch murderer - Northumbria Police makes new appeal for help in the "John The Badge" murder.
- Newcastle man in court on terror charge - Fatah Mohammed Abdullah is alleged to have searched online for a pressure cooker to make an explosive.
- Northern rail strikes: Passengers brace for disruption - Rail workers working for Northern are to continue their series of strikes in the run-up to Christmas.
- Abdulrahman Alcharbati jailed for terrorism Facebook videos - Police say material posted by Abdulrahman Alcharbati "encouraged others to carry out terrorist activity".
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 Durham council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.