Council ‘war’ on loan sharks
Published Monday 28th January 2013
Ipswich Borough Council is today declaring war on loan sharks who prey on the vulnerable as a week of action gets under way in the south-east of the town.
The England Illegal Money Lending Team along with the Borough Council, Suffolk Trading Standards and other agencies, want to raise awareness of the dangers of loan sharks and to encourage people to contact the Ipswich & Suffolk Credit Union.
Illegal money lending loan sharks or unlicensed money lenders operate outside the law. They charge very high interest rates and might use threats and violence to frighten people who cannot pay back the money they borrowed.
Activities during the week of action include community advocate sessions at the Salvation Army Priory Centre on the following dates:
- Wednesday 30th January (1pm to 3pm);
- Friday 1st February (1pm to 3pm); and
- Saturday 2nd February (10am to noon).