Helping Keep The Oxford & Oxfordshire Community Local
Thu February 20, 2020
- Lasers target two aircraft flying in Oxfordshire - A 21-year-old is recovering from suffering a laser burn to his eye when a beam was shone at a plane.
- Final Beales department stores set to close - The closure of the last 11 Beales stores will put hundreds of jobs at risk.
- Man dies in Oxford mini motorbike crash with barrier - The rider in his 30s was fatally injured in the crash in Oxford on Monday night.
- British radio antenna arrives at space station - The UK's first industrial contribution to the orbiting platform will improve its communication links.
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 Oxford council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.