Helping Keep The Sutton (SM1) Community Local
Sat April 4, 2020
- Coronavirus: Family unable to attend 13-year-old boy's funeral - The mother and six siblings are self-isolating after two of them began displaying Covid-19 symptoms.
- Coronavirus: Heathrow Airport sheltering '200 homeless people' - Some rough sleepers have reportedly been at Terminal 5 for two weeks during lockdown.
- Coronavirus: New supermarket workers share their stories - New workers hired by supermarkets amid the Covid-19 pandemic share their surprising back stories.
- Coronavirus: Coming 5,000 miles to die for the NHS - Two British-Sudanese doctors became the first doctors to die of coronavirus in the UK. This is their story.
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.