Skegness Community
Helping Keep The Skegness Community Local
Thu April 25, 2019
Latest News
- Aslackby farmland to be used for green burials - The Folkingham Farms proposal will see a 400-plot burial ground created in Lincolnshire.
- William Coy: Boy died after window fall while reading book - William Coy was sitting on the sill of an open second floor window during last year's heatwave.
- League Two: Lincoln and Bury dominate PFA selection of team of 2018-19 - League Two high-fliers Lincoln City and Bury dominate the Professional Footballers' Association's team of 2018-19.
- Driver 'had 10 pints' before fatal Mapperley attack - Stephen Walsh was hit after being confronted on his doorstep following a minor crash, a court hears.
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.