South London Community
Helping Keep The South London Community Local
Tue August 20, 2019
- Ayub Hassan: Boy 'murdered teenager and fled on Boris Bike' - The 16-year-old boy is accused of stabbing Ayub Hassan, 17, in the heart behind a Waitrose store.
- Elize Stevens death: Man jailed for murdering partner - Elize Stevens suffered 86 knife wounds when Ian Levy attacked her at his flat in north-west London.
- PewDiePie and Marzia Bisognin marry at Kew Gardens - The couple have been together for eight years and wed at the famous London attraction.
- Marchioness disaster: Thames historic vessels 'still not modernised' - More than 50 people died when the Marchioness pleasure boat sank on the Thames 30 years ago.
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.