Stoke Hammond Community
Helping Keep The Stoke Hammond Community Local
Wed October 23, 2019
Latest News
- Plans for £26m tech institute at Bletchley Park - The institute at the codebreaking site would be home to 1,000 students, plans reveal.
- Sam Grant death: Mental health services 'risk' lives - A coroner warns of future deaths unless action is taken following a 16-year-old boy's suicide.
- Milton Keynes stabbings: Murder arrest over boys' deaths - The man is accused of murdering two teenagers who were stabbed to death at a house in Milton Keynes.
- Russell Bowry death: Studio rigger's death was accident - Russell Bowry died from his injuries after a fall at Cardington Studios.
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.