Helping Keep The Lindfield Community Local
Fri December 14, 2018
- Hastings cliff fall: Rock crashes into bedroom - Rocks weighing several tons fell onto a building on White Rock, in Hastings, destroying a bedroom.
- Half of UK homes could get faster broadband - New research suggests that people have not taken up faster services, even though they are available.
- Tony Colston-Hayter: Brighton fraud machine maker jailed - "Audacious" Tony Colston-Hayter used the device to con people out of more than £500,000, police said.
- Christina Abbotts: Accused killer 'faked falling unconscious' - Businessman Zahid Naseem is accused of bludgeoning Christina Abbotts 13 times with a pestle.
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 Lindfield council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.