Skegness Community
Helping Keep The Skegness Community Local
Wed December 11, 2019
Latest News
- JD Wetherspoon 'to create 10,000 jobs over four years' - The chain says it will invest £200m in new pubs and hotels, as well as enlarging existing ones.
- Spalding relief road route redrawing backed to save homes - Residents who face losing their homes said they were "delighted to see common sense prevail".
- Search continues for missing 82-year-old Lincolnshire man - Fred Gibson disappeared after having lunch with a friend on 28 November.
- German founders miss Lincoln Christmas Market due to costs - FFN Neustadt was one of the original 11 stalls when the market in Lincoln started in 1982.
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 Skegness council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.