DESPERATE money borrowers are being urged to 'bite back' against loan sharks
MONEY seized from loan sharks
is being used to help stop them in their tracks.
A BLITZ on illegal loan sharks
is under threat due to more Tory spending cuts.
Stockton Council, together with a range of community-based organisations, will sign the local Stop Loan Sharks
A PROJECT has been launched to stop cashstrapped Birmingham families from falling foul of loan sharks
Cash-strapped residents who have fallen victim to loan sharks
in the UAE are being urged to put aside their fear and report their plight to police.
The number of loan shark
victims is growing at an alarming rate -- with tens of millions of dirhams in circulation -- because of a number of reasons," he said.
There are groups who can help and the last person anyone should turn to for support is a loan shark
If you have information about a loan shark
operating in your community call the Hotline on 0300 123 33 11.
An illegal money lender, or loan shark
, is anyone who runs a money lending business without a licence from the Office of Fair Trading, and lending money without a licence is a crime.
People aren't just protecting the loan sharks
, they're protecting themselves because if the loan shark
gets banged up you've instantly taken away their access to money.
One victim of a convicted loan shark
, who asked not to be named, said she took out a loan for pounds 150, and ended up paying back pounds 5,000 over five years.
The Loan Shark
Victim Support Fund was officially opened at Coleg Llandrillio yesterday, in a bid to help families who have been left with nothing thanks to ruthless 'lenders'.
The OFT said there were particular loan shark
hot spots in Scotland, the North and the West Midlands.
And when they fail to make their repayments, they are threatened with violence and/or have their car blown up as a reminder; this results in the borrower signing over assets to the loan shark