South London Community
Helping Keep The South London Community Local
Tue October 22, 2019
Latest News
- Croydon tram crash: Automatic braking introduced in London - It was recommended following an inquiry into the 2016 Croydon crash which killed seven people.
- Shamima Begum: Stripping citizenship put her at risk of hanging, court hears - A lawyer for Shamima Begum says stripping her citizenship left her stateless and should be reversed.
- Brentford and Millwall: FA charge London rivals after derby melee - The Football Association charge Brentford and Millwall over a melee that broke out late in Saturday's derby.
- Thames flood defence scheme secures £270m boost - The planned scheme, which aims to protect thousands of homes, is awarded £270m from Surrey Council.
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.