Helping Keep The Gillingham Community Local
Wed November 13, 2019
- Drone flights banned near Dover port amid security fears - Officials say the ban, intended to protect "critical infrastructure", is a first for a sea port.
- General election 2019: Jo Swinson insists there will be no deals with Labour - The Lib Dem leader rejects calls to stand down candidates to avoid splitting the anti-Brexit vote.
- Ex-Armed Forces head Lord Bramall dies aged 95 - The Normandy veteran commanded the land forces in the 1970s, before becoming chief of general staff.
- General election 2019: Your questions about the South East - We want to hear what questions voters in the South East have about the general election.
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 Gillingham council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.