Leader Cllr Rodney Chambers (Con) says the authority is considering outlawing the promotions on billboards and bus stops.
They also would like to block payday loan websites from community centers and libraries.
These laws that may be created is to help people from falling prey to irresponsible lenders. Let’s face it, people need help from themselves. When people use payday loans irresponsibly, they become a victim. Some believe that people who borrow from these lenders have to take some responsibility for themselves. Unfortunately, when people have no other option, a payday loan may be their only option.
Don’t become victim of payday loans. If you need to borrow from a payday lender, pay them off as soon as possible. Do not roll over your loan. You will definitely fall victim to the payday loan cycle.