Campaign against loan sharks launched in Burnley

First published in News

A CAMPAIGN to alert families to the dangers of loan sharks has been launched in Burnley.

The England Illegal Money Lending Team, in partnership with Lancashire County Council (LCC) and Burney Council, are behind the scheme which aims to make youngsters more aware of the damage loan sharks can inflict on communities.

Pupils at Barden Primary School, in Barden Lane, are among those visited by the campaign’s mascot, Sid the Shark.

The project, also supported by Burnley Faith Centre, Lancashire Fire and Rescue Service and Calico Homes, saw children perform a play entitled ‘A Loan in Burnley’ at Burnley Campus to demonstrate the impact of criminal activity.

County Councillor Albert Atkinson, cabinet member responsible for trading standards at LCC, said he hoped kids would share what they learnt with their families.

Coun Atkinson said: “I very much welcome this imaginative initiative. By working in partnership with the Illegal Money Lending Team and other organisations, we will raise awareness of the dangers of borrowing money from loan sharks.

“The loan sharks will not be tolerated within Lancashire and the week of action is part of an overall strategic approach to tackling illegal money lending and the related serious criminality.

“My advice to anyone in Burnley who needs to borrow money, or who is experiencing financial difficulties, is to approach legitimate sources of help like credit unions.”

Tony Quigley, head of the England Illegal Money Lending Team, said: “Illegal money lending is a despicable crime which causes nothing but harm to our communities.

“These lenders may appear to be offering a community service but borrowers are often forced to pay back far and above what they have borrowed and can afford.

“Many are subjected to threats, violence or other callous enforcement methods. We would urge anyone who has been the victim of a loan shark to report them in confidence.”

Comments (10)

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9:36am Sat 23 Feb 13

Excluded again says...

If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name.

Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.
If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name. Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges. Excluded again
  • Score: 1

9:59am Sat 23 Feb 13

christopherjabingham says...

You are not legally bound to pay money borrowed back when it is borrowed
from a loan shark as they are not legally allowed to lend!
You are not legally bound to pay money borrowed back when it is borrowed from a loan shark as they are not legally allowed to lend! christopherjabingham
  • Score: 1

10:01am Sat 23 Feb 13

mavrick says...

Excluded again wrote:
If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name.

Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.
Credit union is the way, There is a credit union in every area just google it it is worth it. Lets have harsher sentences for loan shark scum.
[quote][p][bold]Excluded again[/bold] wrote: If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name. Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.[/p][/quote]Credit union is the way, There is a credit union in every area just google it it is worth it. Lets have harsher sentences for loan shark scum. mavrick
  • Score: 0

12:30pm Sat 23 Feb 13

Malthus says...

christopherjabingham wrote:
You are not legally bound to pay money borrowed back when it is borrowed
from a loan shark as they are not legally allowed to lend!
No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.
[quote][p][bold]christopherjabingham[/bold] wrote: You are not legally bound to pay money borrowed back when it is borrowed from a loan shark as they are not legally allowed to lend![/p][/quote]No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222. Malthus
  • Score: 2

10:28pm Sat 23 Feb 13

2 for 5p says...

Excluded again wrote:
If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name.

Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.
Engage brain idiot
You need a history of saving with credit unions. This typeof gutter scum have never saved a penny in there lives.
I can't see a credit union giving away money for people to spend on fags either.
[quote][p][bold]Excluded again[/bold] wrote: If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name. Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.[/p][/quote]Engage brain idiot You need a history of saving with credit unions. This typeof gutter scum have never saved a penny in there lives. I can't see a credit union giving away money for people to spend on fags either. 2 for 5p
  • Score: 0

9:23am Sun 24 Feb 13

Excluded again says...

2 for 5p wrote:
Excluded again wrote:
If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name.

Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.
Engage brain idiot
You need a history of saving with credit unions. This typeof gutter scum have never saved a penny in there lives.
I can't see a credit union giving away money for people to spend on fags either.
Each Credit Union has different policies. Some may require you to save, say, £1 a week for a couple of months before you can have a loan. But some don't - they just check your ability to repay.

I make sure I know what I am talking about before i engage brain.
[quote][p][bold]2 for 5p[/bold] wrote: [quote][p][bold]Excluded again[/bold] wrote: If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name. Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.[/p][/quote]Engage brain idiot You need a history of saving with credit unions. This typeof gutter scum have never saved a penny in there lives. I can't see a credit union giving away money for people to spend on fags either.[/p][/quote]Each Credit Union has different policies. Some may require you to save, say, £1 a week for a couple of months before you can have a loan. But some don't - they just check your ability to repay. I make sure I know what I am talking about before i engage brain. Excluded again
  • Score: 0

9:26am Sun 24 Feb 13

DaveBurnley says...

Excluded again wrote:
2 for 5p wrote:
Excluded again wrote:
If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name.

Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.
Engage brain idiot
You need a history of saving with credit unions. This typeof gutter scum have never saved a penny in there lives.
I can't see a credit union giving away money for people to spend on fags either.
Each Credit Union has different policies. Some may require you to save, say, £1 a week for a couple of months before you can have a loan. But some don't - they just check your ability to repay.

I make sure I know what I am talking about before i engage brain.
Just ignore 2 for 5p. He's a troll who babbles rubbish to try and upset people.
[quote][p][bold]Excluded again[/bold] wrote: [quote][p][bold]2 for 5p[/bold] wrote: [quote][p][bold]Excluded again[/bold] wrote: If you need to borrow money, try your local credit union. They can only charge a maximum of 12.68% interest by law. There is a Burnley Area Credit Union - just google in the name. Don't use loan sharks or their legal equivalents (like Wonga or Provident) unless you really, really want to pay out loads of your money in massive interest charges.[/p][/quote]Engage brain idiot You need a history of saving with credit unions. This typeof gutter scum have never saved a penny in there lives. I can't see a credit union giving away money for people to spend on fags either.[/p][/quote]Each Credit Union has different policies. Some may require you to save, say, £1 a week for a couple of months before you can have a loan. But some don't - they just check your ability to repay. I make sure I know what I am talking about before i engage brain.[/p][/quote]Just ignore 2 for 5p. He's a troll who babbles rubbish to try and upset people. DaveBurnley
  • Score: 0

10:33am Sun 24 Feb 13

christopherjabingham says...

Malthus wrote:
christopherjabingham wrote:
You are not legally bound to pay money borrowed back when it is borrowed
from a loan shark as they are not legally allowed to lend!
No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.
Can you not just phone the police as it is assault!
[quote][p][bold]Malthus[/bold] wrote: [quote][p][bold]christopherjabingham[/bold] wrote: You are not legally bound to pay money borrowed back when it is borrowed from a loan shark as they are not legally allowed to lend![/p][/quote]No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.[/p][/quote]Can you not just phone the police as it is assault! christopherjabingham
  • Score: 0

8:06pm Sun 24 Feb 13

Malthus says...

christopherjabingham wrote:
Malthus wrote:
christopherjabingham wrote:
You are not legally bound to pay money borrowed back when it is borrowed
from a loan shark as they are not legally allowed to lend!
No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.
Can you not just phone the police as it is assault!
The people who take loans out with loan sharks sadly do not phone the police. As I say loan sharks use fear, intimidation and physical violence, not only to the person who has the loan, but also to the family of the debtor. Loan sharks are clever in so far as they target the weak and the vulnerable who will not go to the police and so they tend to be very rarely prosecuted. In cases which have resulted in successful prosecutions it is not uncommon for the victim to have to move town for fear of reprisals. I should also have stated in my previous post that the telephone number can also be used to help the Police if anybody knows or suspects that someone is a loan shark.
[quote][p][bold]christopherjabingham[/bold] wrote: [quote][p][bold]Malthus[/bold] wrote: [quote][p][bold]christopherjabingham[/bold] wrote: You are not legally bound to pay money borrowed back when it is borrowed from a loan shark as they are not legally allowed to lend![/p][/quote]No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.[/p][/quote]Can you not just phone the police as it is assault![/p][/quote]The people who take loans out with loan sharks sadly do not phone the police. As I say loan sharks use fear, intimidation and physical violence, not only to the person who has the loan, but also to the family of the debtor. Loan sharks are clever in so far as they target the weak and the vulnerable who will not go to the police and so they tend to be very rarely prosecuted. In cases which have resulted in successful prosecutions it is not uncommon for the victim to have to move town for fear of reprisals. I should also have stated in my previous post that the telephone number can also be used to help the Police if anybody knows or suspects that someone is a loan shark. Malthus
  • Score: 0

10:32pm Sun 24 Feb 13

district01 says...

Malthus wrote:
christopherjabingham wrote:
Malthus wrote:
christopherjabingham wrote:
You are not legally bound to pay money borrowed back when it is borrowed
from a loan shark as they are not legally allowed to lend!
No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.
Can you not just phone the police as it is assault!
The people who take loans out with loan sharks sadly do not phone the police. As I say loan sharks use fear, intimidation and physical violence, not only to the person who has the loan, but also to the family of the debtor. Loan sharks are clever in so far as they target the weak and the vulnerable who will not go to the police and so they tend to be very rarely prosecuted. In cases which have resulted in successful prosecutions it is not uncommon for the victim to have to move town for fear of reprisals. I should also have stated in my previous post that the telephone number can also be used to help the Police if anybody knows or suspects that someone is a loan shark.
Well said Malthus.

No more need to be said!
[quote][p][bold]Malthus[/bold] wrote: [quote][p][bold]christopherjabingham[/bold] wrote: [quote][p][bold]Malthus[/bold] wrote: [quote][p][bold]christopherjabingham[/bold] wrote: You are not legally bound to pay money borrowed back when it is borrowed from a loan shark as they are not legally allowed to lend![/p][/quote]No your are not legally obliged to pay such people back, However, there is a good reason why they are called sharks and that is because they are the top predators in the shady world of illegal money lending. Christopher do you really think that if you were ever to find yourself in the position of owing money to such filth, that reminding them that what they are doing is illegal they are going to shrug their shoulders, realise the error of their ways and then scrap the debt? Well the answer is no. What they will do is break down your door, take items of value and beat the living daylights out of you. By the way all this will happen in front of and sometimes to other adults and children present. At the end of this "gently reminder" you will still owe the original loan and probably more, in order to pay for the time and effort taken to collect the sky rocketing debt. If anybody finds themselves in this position I advise you contact the confidential illegal money lending hot line on 0300 555 2222.[/p][/quote]Can you not just phone the police as it is assault![/p][/quote]The people who take loans out with loan sharks sadly do not phone the police. As I say loan sharks use fear, intimidation and physical violence, not only to the person who has the loan, but also to the family of the debtor. Loan sharks are clever in so far as they target the weak and the vulnerable who will not go to the police and so they tend to be very rarely prosecuted. In cases which have resulted in successful prosecutions it is not uncommon for the victim to have to move town for fear of reprisals. I should also have stated in my previous post that the telephone number can also be used to help the Police if anybody knows or suspects that someone is a loan shark.[/p][/quote]Well said Malthus. No more need to be said! district01
  • Score: 1

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