Families urged not to turn to loan sharks this Christmas

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STANDING at the school gate Michelle was approached by a friendly mum wanting to be mates – but by Christmas she was homeless after falling for a loan shark trap. Mum-of-three Michelle, whose…

"They would send me messages or throw things at my windows, shouting things at me outside the house."

Desperate and worried, Michelle started researching about owing money to friends and stumbled across the websiteShe said: “You say loan shark and you think of burly men coming to your door with a baseball bat, not a mother at the school gate. Michelle worked hard to get the posts about her removed from social media and set about rebuilding her life.

Since 2004, the England Illegal Money Lending Team has helped more than 30,000 people and written off £87 million worth of illegal debt.For victims, it will appoint you a Liaise Officer to support you through the process - information can be given anonymously too.Be wary of anyone offering you money, particularly if there are no specific terms or there is no documentation of the loan.

 

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