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Festive warning: Don’t get involved with a loan shark – yule regret it!

The England Illegal Money Lending Team (IMLT) are warning people not to turn to loan sharks to cover the cost of Christmas. 

These unlicensed lenders charge extortionate amounts of interest and have been known to use threatening language, intimidation and even violence when demanding payments from their desperate victims. 

Using the hashtag #StopLoanSharksXMAS this year’s online campaign is providing the public with useful information and advice to ensure they stay safe and don’t fall victim to unscrupulous lenders. 

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