Helping Keep The Durham Community Local
Thu January 23, 2020
- Washington death-crash lorry driver found guilty - Marcel Balan is convicted of causing death by dangerous driving by a jury at Newcastle Crown Court.
- Boris Johnson urged to let Greggs workers keep bonus - The PM rejects claims by Jeremy Corbyn the government is not helping low paid workers on universal credit.
- New Tory MPs 'not welcome' at Durham Miners' Gala - A Durham miners' official paraphrases Boris Johnson saying he'd rather "die in a ditch" than invite Tories.
- Tesco Bank to create 20 tech jobs in Newcastle - The jobs boost is part of a wider investment in the company's online banking operation.
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.