7 Days Of Sharks
The England Illegal Money Lending Team (IMLT) is a national team that investigates and prosecutes loan sharks. A loan shark is someone who lends money without the correct authorisation from the Financial Conduct Authority (FCA). The IMLT provides emotional and practical support to victims and survivors of illegal money lending. The Team recently held a national short story competition to raise awareness of the dangers of loan sharks. The winning entries have been turned into audio short stories and you can read all about them at www.stoploansharks.co.uk.
7 Days Of Sharks
Day 3 - If Only.........
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Stop Loan Sharks
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Season 1
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Episode 3
WARNING: This story contains explicit language.
This story is by Ruth Taylor, a volunteer for Hampshire Search and Rescue. Ruth’s story “If Only” tells of how the borrower met the loan shark at work.
Loan sharks have been known to operate in the workplace and lend to colleagues and associates. They may threaten to tell other people about the unpaid debts, including your boss or threaten to fire you. It is important to always check your lender is authorised by the FCA and uses proper paperwork.
To report a loan shark call the 24-hour helpline on 0300 555 2222 or visit www.stoploansharks.co.uk.