Don’t get sharked this Christmas

Posted by Ann, CCAB.

Updated 1465 days ago in: Information Sharing

Money Matters

A reminder from the Illegal Money lending team:
The Stop Loan Sharks Project are cracking down this Christmas on loan sharks who cause nothing but misery in communities. Through enforcement action, awareness raising and education they aim to put an end to this callous crime and encourage the public to celebrate the season without turning to an illegal money lender.

The message is clear- what may seem like a small loan to tide people over for Christmas, could end up costing them well into the New Year and beyond. The effect is not just financial; the impact on the lives of victims and their families can be horrific.

To highlight the impact the Project have released a video compilation of real life victim’s stories, in which those who have suffered at the hands of loan sharks explain in their own words how horrendous their experiences were. Watch the video on You Tube:

The Stop Loan Sharks Project is made up of Illegal Money Lending Team’s in England, Scotland and Wales, who investigate and prosecute illegal money lenders. They fear that loan sharks will prey on those who are struggling financially in the run up to Christmas- in fact 20% of victims in past cases stated that they had borrowed originally to pay for festivities. No matter how desperate people become loan sharks are never the answer.