Warning for Blackburn and Darwen families to stay away from the loan sharks

First published in Blackburn Lancashire Telegraph: Photograph of the Author by , Deputy news editor

THE dangers of borrowing from loan sharks were highlighted in a week long campaign.

The England Illegal Money Lending Team working in partnership with Blackburn and Darwen Trading Standards, Healthy Living and a range of local partners showed community members why loan sharks should always be avoided.

A series of events were focused around the Shadsworth area, which encouraged people to consider the dangers, especially in the run up to Christmas. Events included ‘Bingo with Sharky’ the England Illegal Money Lending Team’s mascot, a free drop in advice day and a ‘Street Clean with Sharky’ event.

The team also offered advice at Shadsworth Youth Club’s Tuesday evening session and worked with Lancashire Fire and Rescue Service as they offered fire safety advice.

Posters and leaflets displaying the 0300 555 222 hotline number for reporting loan sharks were distributed throughout the community, and the Team visited 500 homes to speak to residents.

An estimated 310,000 households across the country are in debt to a loan shark, these lenders usually appear friendly at first but quickly trap their borrowers into spiralling debt. As the debts can’t legally be enforced many lenders will resort to the most extreme and callous methods to enforce repayment including threats, violence and intimidation.

Councillor Yusuf Jan-Virmani, said: “Illegal money lenders prey on the most disadvantaged and vulnerable in society who can least afford to pay the extortionate rates that they charge.

“Especially in the run up to Christmas when money may be tight, I urge residents not to use loan sharks no matter how tempted they might be.

“There are no safe guards and rarely any paperwork to stop them taking advantage of you and charging whatever they like.”

Comments (6)

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8:59pm Thu 22 Nov 12

DEO VOLENTE says...

Yes trust the bankers if you want to get a fair deal!

Laugh I very nearly split my sides.


Deus Vobiscum
Yes trust the bankers if you want to get a fair deal! Laugh I very nearly split my sides. Deus Vobiscum DEO VOLENTE
  • Score: 1

10:58pm Thu 22 Nov 12

loving dad says...

Haha it makes me laugh that the telegraph put ads of getting payday loans right next to this article.

But on another note if anyone is in debt there is defiantly help out there on the Internet and it is all for free, CAB or national debtline always try and make u pay even if it's £1 a week which in effect does look and sound good with it being that much but it actually makes you admit to the debt which makes u liable to the debt think of it like they are trying to trick you into a contract with them.

Also if you start getting letters of debt collectors threatening you with court action or increased fees etc ask them for proof of there claim and put your fees to them if they don't supply u with anything.

Some company's buy debts and then they will send u a ' notice of assignment ' which doesn't mean anything, think about it, it's just like me sending some one a letter saying that they owe me money and I demand payment from them with providing any proof, and most best I like of all is that the debt agencies that buy these debts in effect wipe your debt for you it's like how can something be paid for twice?

Loving dad
Haha it makes me laugh that the telegraph put ads of getting payday loans right next to this article. But on another note if anyone is in debt there is defiantly help out there on the Internet and it is all for free, CAB or national debtline always try and make u pay even if it's £1 a week which in effect does look and sound good with it being that much but it actually makes you admit to the debt which makes u liable to the debt think of it like they are trying to trick you into a contract with them. Also if you start getting letters of debt collectors threatening you with court action or increased fees etc ask them for proof of there claim and put your fees to them if they don't supply u with anything. Some company's buy debts and then they will send u a ' notice of assignment ' which doesn't mean anything, think about it, it's just like me sending some one a letter saying that they owe me money and I demand payment from them with providing any proof, and most best I like of all is that the debt agencies that buy these debts in effect wipe your debt for you it's like how can something be paid for twice? Loving dad loving dad
  • Score: 3

8:20am Fri 23 Nov 12

mavrick says...

People do not use the credit union in their area. they do not do instant loans but they do help in may ways. it is worth finding out.It will help you manage your budget and keep you out of the hands of the loan sharks.
People do not use the credit union in their area. they do not do instant loans but they do help in may ways. it is worth finding out.It will help you manage your budget and keep you out of the hands of the loan sharks. mavrick
  • Score: 3

10:14am Fri 23 Nov 12

Mothernature says...

It's pointless warning people against these types of money lenders. If you
need to put food on the table and can't get any help from a legal method, what option do some people have. Don't tell me that budgeting better is the answer. More and more people are down to the wire financially and unless they don't pay the necessary bills, they are screwed. It's only going to get worse come April next year.
It's pointless warning people against these types of money lenders. If you need to put food on the table and can't get any help from a legal method, what option do some people have. Don't tell me that budgeting better is the answer. More and more people are down to the wire financially and unless they don't pay the necessary bills, they are screwed. It's only going to get worse come April next year. Mothernature
  • Score: 1

4:42pm Fri 23 Nov 12

rhapsody says...

I quite agree with mothernature if people are worried about what is happening next April there is the possibility of changing things by signing the E Petitions.
I quite agree with mothernature if people are worried about what is happening next April there is the possibility of changing things by signing the E Petitions. rhapsody
  • Score: 1

6:53am Sat 24 Nov 12

Darwen Malc says...

Cut your coat according to your cloth!
Cut your coat according to your cloth! Darwen Malc
  • Score: -1

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