Stoke Hammond Community
Helping Keep The Stoke Hammond Community Local
Thu January 23, 2020
Latest News
- Mum travels on baby son's passport from Luton Airport - Lenesha Riley said she only realised in Berlin she had her son's passport, not her own.
- Man charged following rape in Hemel Hempstead - The woman was walking through Hemel Hempstead on Tuesday morning when the assault took place.
- John Bercow: Formal complaint lodged against former Commons Speaker - Accusations against the ex-Speaker by one of his most senior advisers are thought to centre around bullying.
- James Bond Spectre filming accident damages claim settled - Terry Madden was working on the James Bond film Spectre in Austria when his legs were crushed.
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.