Stoke Hammond Community
Helping Keep The Stoke Hammond Community Local
Sun August 25, 2019
Latest News
- Woman dies in attack at her home in Welwyn Garden City - Two people are arrested on suspicion of murder over the killing.
- Aylesbury man finds 14th Century treasure in garage - The 14th Century gold seal ring is going on sale with an estimate of up to £10,000.
- Missing goalkeeper Kamil Biecke: £10k reward offered - Kamil Biecke, 34, may have ended up "in trouble" due to his "heavy gambling lifestyle", police say.
- Coventry police sergeant admits child grooming offences - Sgt Stephen Shaw sent an indecent photo to an undercover colleague posing as a 12-year-old girl.
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 Stoke Hammond council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.