Helping Keep The Bury & Bolton Community Local
Thu August 18, 2022
- Droylsden abduction: Man arrested over girl, 7, taken off street and abused - Police arrest a 35-year-old man on suspicion of abduction and sexual assault in Greater Manchester.
- Sir Jim Ratcliffe: Billionaire wants to buy Manchester United - British billionaire Sir Jim Ratcliffe wants to buy Manchester United if the Glazer family put the club up for sale.
- Joy Division: Peter Hook says mural row should prompt Ian Curtis statue - A mural of Joy Division's Ian Curtis was painted over with an advert for Manchester rapper MC Aitch.
- Train strikes: Passengers face disruption as rail services hit - Half of Britain's lines are shut and some places have no trains at all, as 45,000 workers walk out.
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.