Helping Keep The Bury & Bolton Community Local
Fri December 4, 2020
- Shukri Yahye-Abdi: Schoolgirl's river death 'was an accident' - There is "no evidence whatsoever" that Shukri Yahye-Abdi was pushed in a river, a coroner says.
- Covid: Greater Manchester stops care home tests over accuracy fears - The rapid tests picked up five infections out of every 10 found by conventional lab tests.
- Emily Jones: Bolton child's killer cleared of murder - Eltiona Skana admitted the manslaughter of Emily Jones on the grounds of diminished responsibility.
- Suspected Hollywood 'Con Queen' held in Manchester - He is accused of swindling money out of aspiring stars by impersonating Hollywood executives.
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.