Stop Loan Sharks

The Illegal Money Lending Team (IMLT)

What we do……….

Prosecute unlicensed lenders under the Consumer Credit Act 1974 – Trading Standards legislation

Prosecute for additional crimes including:Rape, Kidnap, Wounding, Assault, Blackmail, Drugs, Criminal damage, Fire arms, Affray etc

Provide specialised victim and witness support

What is a loan shark?

A loan shark is someone who lends money as a business to 2 or more people without a licence under the Consumer Credit Act 1974.

Typical Characteristics…

No credit agreements givenMost payments are cash and weekly, no

receiptsViolence and/or intimidation & threatsTake cash cards & other illegal securitiesRepayments are at least twice the amount

borrowedRarely advertiseVictims often involved with petty crimes

Why do people borrow from Loan Sharks?

May be easily influencedHave exhausted other forms of creditHave complex debt problemsVery often begin to borrow at crisis point ie

household appliance broken / moved into new property / no money for Christmas

May be used to using expensive credit on doorstep

Unaware of potential for violence, threats, misery etc

Pay him or pay your rent?

”

Recent local information

Contact details

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Contact details…

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