Stoke Hammond Community
Helping Keep The Stoke Hammond Community Local
Wed December 11, 2019
- Milton Keynes 'rubble' sculpture given the go-ahead - Designers say The Fossil imagines a "future landscape" and is a full-size cast of part of a house.
- Man dragged from car as police bust Bedford drugs gang - The gang led police on a 20-mile pursuit before officers arrested those involved.
- General election 2019: Bedford candidates questioned - The candidates standing to become MP for Bedford answer your questions.
- Sausage roll enthusiast LadBaby takes aim at second Christmas number one - The YouTube star, who landed last year's Christmas number one, is back - sausage rolls and all.
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.