Skegness Community
Helping Keep The Skegness Community Local
Fri August 23, 2019
Latest News
- RNLI warns of inflatable risks after North Sea rescues - The RNLI says inflatables can easily be swept out to sea and should be left at home.
- Red Arrows stage display over New York City - The Red Arrows aerobatic team puts on a rare display over the New York skyline.
- August bank holiday 2019: Where to avoid on roads and rail - The RAC is recommending that the best time to travel by road on Friday will be after 21:00 BST.
- Trainee took abuse images of pupils at primary school - Lewis Croft took some indecent images of children while on a training placement at a primary school.
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.