Helping Keep The Durham Community Local
Wed October 16, 2019
- HS2 must be built in full, say the CBI's regional heads - The call by regional heads of the CBI business lobby comes amid worries HS2 could be scaled back.
- Gascoigne 'in drunken state' when arrested - The ex-England footballer is accused of "forcefully and sloppily" kissing a woman on a train.
- Missing Scott Clive's mother's appeal for new witnesses 17 years on - Patricia Clive believes harm came to her son and does not believe he fell in the water.
- More than half of A&Es 'not good enough' - The government in England must find a solution for social care to ease pressure, the regulator says.
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.