Oxfordshire Community
Helping Keep The Oxford & Oxfordshire Community Local
Tue June 25, 2019
Latest News
- Man killed by car on A34 after 'thumbing for lift' - Jack Morley was walking on a dual carriageway after a Christmas party, an inquest hears.
- Baroness Blackwood: Fainting in House of Lords 'no big deal' - Baroness Blackwood fainted at the despatch box when she was discussing the recent listeria outbreak.
- Four in hospital after Abingdon chemical incident - Two cleaning workers and two members of the public test positive for carbon monoxide inhalation.
- Duncan Shearman jailed for Oxford armed stand-off - Duncan Shearman shot at police, stripped naked and hurled a vacuum from his balcony in Oxford.
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.