Helping Keep The Leyhill Community Local
Fri July 10, 2020
- Coronavirus: John Lewis and Boots to cut 5,300 jobs - A day after the chancellor unveiled a plan to save jobs, two of the UK's biggest retailers announce cuts.
- Solihull man arrested over £495,000 'furlough fraud' - The arrest is thought to be the first relating to the government's Coronavirus Job Retention Scheme.
- West Bromwich aspiring actress honoured by cancer charity - Crystal Marshall was diagnosed with a rare form of facial bone cancer when she was 18 years old.
- Mysterious 'vampire slaying kit' up for auction - The collector's item contains a Bible, pistol and other items cloaked in mystery.
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 Leyhill council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.