Helping Keep The Bury & Bolton Community Local
Wed September 22, 2021
- Manchester flooding: Major incident after burst water main - Two busy Manchester city centre roads are shut after a large water main bursts near the university.
- Manchester Arena Inquiry: Bomb victim's mother praises PC's actions - The officer placed T-shirts over the body of Philip Tron after the Manchester Arena attack.
- Rhamero West: Greater Manchester Police refers itself to watchdog - Rhamero West, 16, was stabbed to death after being chased through the streets in Old Trafford.
- GCSE media studies to cover Rashford's food campaign - Pupils will learn how social media can make an impact, by studying the player's campaign work.
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 Bury council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.