Wednesday, 6 December 2017

BEWARE! LOAN SHARKS!

Granby Toxteth Development Trust are involve in the project to raise awareness about “Loan Sharks” in the area for the Roma Community.
We share the information with the Roma about how you need to be careful to not be in contact with a loan shark and to prevent in the future to have financial struggles. The events was organized in 4 different location in St Hugh's Catholic Primary School, 45 Cullen Street, Kensington Community Learning Centre and St. Bede’s Church.
What is a Loan Shark?
A Loan shark:
May use harassment, violence, sexual assault and blackmail if repayments are missed
Do not offer receipts for payments
Often take benefit payments, cash cards and goods as security
Lend to anyone (including under 18’s)
Repayments of at least twice the original amount, often with high charges for defaulting
Find clients by word of mouth, that is, through social networking, for example: shops, pub, school/college gates, taxi rank, council estates, etc.
Often do not paying any tax on their income
Usually involved in other criminal activities, which are funded by illegal money lending

If you or someone else that you know has a problem with a loan shark you can contact
0300 555 2222
Email:reportaloanshark@stoploansharks.gov.uk
Text: loan(space) shark (space) + your message to 60003

Web: www.gov.uk/report-loan-shark