Helping Keep The Bury & Bolton Community Local
Tue July 23, 2019
- Mass brawl murder: Killer classed as 'high risk', inquest hears - Killer Timothy Deakin was arrested several times while on probation, an inquest hears.
- Anna Soubry Nazi-slur man given suspended jail term - James Goddard admits abusing an MP and a police officer outside the Houses of Parliament.
- Manchester Arena attack: Bomber's brother remanded in custody - The brother of Manchester Arena bomber Salman Abedi appears in court for a bail hearing.
- Billy Livesley murder: Wigan iron bar attacker jailed for life - Billy Livesley, 21, died after a "horrific" blow to the head with a crowbar, police say.
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.