South London Community
Helping Keep The South London Community Local
Tue January 21, 2020
Latest News
- Seven Kings stabbing: Fight 'part of ongoing dispute' - Police link the deaths of three men in east London to a nearby altercation the night before.
- Southwark Tube closed after flooding from burst pipe - Thames Water say the burst pipes affected customers in all south-east postcodes.
- Barbican residents call for Tube speed restrictions to halt noise - Barbican residents say late night trains cause "unacceptable high levels of noise and vibration".
- Young offenders in 'harmful solitary confinement' in England and Wales - The use of solitary confinement for young offenders is "flawed", the prisons inspectorate finds.
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 South London council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.