Citizens Advice Cornwall supports The England Illegal Money Lending Team (IMLT) campaign promoting the Stop Loan Sharks message in the run up to Christmas.
The England Illegal Money Lending Team (IMLT) campaign
promoting the Stop Loan Sharks message launches today.…
Around 310,000 people use a loan shark each year. A loan shark is someone who lends money without the correct permission from the Financial Conduct Authority. Loan sharks may initially appear
friendly but they will often use violence and intimidation to ensure
they get their money, causing borrowers endless misery.
The IMLT want to ensure that everyone knows what a loan shark is
and more importantly how to report one.