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 4 - The Loan Ranger
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Stop Loan Sharks
This tale is by Mark Cowan from Stockton, who used his experience as a teacher to create the story “The Loan Ranger” about a parent struggling to buy a birthday present for his son while on a tight budget. He discusses his money worries with a man in the pub.
Loan sharks may seem friendly at first but borrowing from them is never a good idea as they often resort to intimidation, threats or violence. They may threaten to tell others about the unpaid debts and make you feel isolated. Please don't suffer in silence.
To report a loan shark call the 24-hour helpline on 0300 555 2222 or visit www.stoploansharks.co.uk.