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Thu November 21, 2019
Latest News
- Tories pledge review of Oxford-Cambridge road - Campaigners against the expressway called on all parties to stop the scheme over housing concerns.
- Burford school agrees to provide alternative to Christian assembly - Parents Lee and Lizianne Harris said their children were unhappy watching Bible stories.
- Oxford Union debate: Blind student 'upset' by response after row - Ebenezer Azamati says Oxford Union has yet to say he did nothing wrong during a debate.
- Ambulance driver spared jail over Abingdon crash death - A judge says Angus McCulloch, who killed a mobility scooter user, is an "exceptional individual".
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.