Skegness Community
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Sat October 19, 2019
Latest News
- Drone pilots in Islamic State fight awarded medals - Crews at RAF Waddington were honoured for carrying out strikes and surveillance in Iraq and Syria.
- Red Arrows' families celebrate over team's return - The aerobatic display team are back home after spending 11 weeks touring North America.
- Spalding man jailed for illegal ivory trading - Slawomir Kazmierczak was found to have ivory jewellery made from elephants killed after 1947.
- Remains of explorer Matthew Flinders found in HS2 dig return home - Captain Matthew Flinders, who was born in Lincolnshire, led the first circumnavigation of Australia.
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.