Helping Keep The Bury & Bolton Community Local
Fri April 10, 2020
- Coronavirus: Greater Manchester Police warning after 660 parties shut down - Greater Manchester Police says some house parties even featured bouncy castles, DJs or fireworks.
- Cheshire GP completes 5km run just 10 weeks after brain surgery - Huw McCandless says training for the run has boosted his mood and reduced his headaches.
- Emily Jones: Garden memorial for Bolton schoolgirl - More than £11,000 is raised for the project which will provide a "lasting legacy" for Emily Jones.
- Coronavirus: Greater Manchester Police staff worker dies after diagnosis - The woman, who worked in GMP's intelligence bureau, died earlier this week.
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.