South London Community
Helping Keep The South London Community Local
Wed June 26, 2019
Latest News
- Xi Jinping visit: Police face no action over protester arrest - Dr Shao Jiang complained about the time he spent in custody and having his belongings seized.
- Trust 'undermined' by food delivery firms over hygiene - Hundreds of takeaways with poor hygiene ratings were listed on Just Eat and Deliveroo, the BBC finds.
- Marc Marshall: Man who poured acid on himself in court dies - Marc Marshall poured a noxious substance on to his face after being sentenced for fraud offences.
- London Underground theft reports increase by 80% - The Piccadilly and Central lines, which serve tourist hotspots, had the most reports of theft.
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.