Helping Keep The Sutton (SM1) Community Local
Fri October 18, 2019
- Conservative MP Mark Field to stand down over Brexit disagreement - Mark Field says he has "no desire to become a disaffected, dissenting voice from the backbenches".
- Savile Row in firing line as US tariffs hit the UK - British luxury goods are targeted by the US as new taxes on exports take effect.
- Police arrest 743 in blitz on 'county lines' drugs gangs - A week of raids across England and Wales netted cocaine, crack and heroin worth over £400,000.
- E-fit released in bid to identify Clapham plane-fall man - The body of a man, believed to be Kenyan, was found in a garden in Clapham in June.
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 Sutton council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.