Event to 'bite back' at loan sharks

25 August 2016

LOAN sharks will not be as successful in preying on the vulnerable of Brent and Harrow it's hoped, after an event to 'bite back' and raise awareness of the signs and dangers of illegal money lending takes place in Wembley next week.


Brent and Harrow Trading Standards have teamed up with the England Illegal Money Lending Team to hold the free, three-hour workshop, at Brent Civic Centre on Tuesday, September 6 at 10am, which is open to anyone who lives or works in Brent or Harrow to attend.


Experts from the England Illegal Money Lending Team will be on hand to pass on tips on how to spot and report a loan shark, the tactics they use and advise on how and where you can gain access to legitimate and affordable finance.


Simon Legg, Brent and Harrow Trading Standards Service Manager, said:


"Loan sharks target those who are struggling to get credit through legitimate sources and while they may seem friendly at first, many will later become intimidating, threatening or violent if payments are missed, not to mention the excessive add-on fees and pressure put on which could leave those desperate for help in a worse position than where they started.


"This session is a great opportunity for those who may be on the radar of a loan shark to bite back by finding out how they operate, how they can be reported, what success there has been in prosecuting loan sharks and what other options there are for people who need to borrow money."


If you want to report a loan shark, call 0300 5552222 or text 07860 022 116