Stoke Hammond Community
Helping Keep The Stoke Hammond Community Local
Mon June 17, 2019
Latest News
- Hitchin paramedic attack: Man charged with assaulting ambulance crew - The two victims were called to reports that a person was unwell, the ambulance service say.
- Pedestrian hit in Rickmansworth bus crash dies - Police say the woman suffered serious injuries and died at the scene of the crash in Rickmansworth.
- Art turning Bedford homeless man's life around - Alex Watts says if it was not for the help he has received he would be back on the streets.
- Cameron Hill stabbing: Three charged in murder probe - Cameron Hill, 23, from North Mymms, was stabbed to death in a block of flats on Monday.
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.