We sign charter to stop loan sharks | News

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We sign charter to stop loan sharks

We sign loan shark charter

WE recently signed a charter demonstrating our commitment to stopping loan sharks.

Supported by the Department of Business Innovation and Skills (BIS) and Trading Standards, the charter was signed by 15 organisations – including Essex County Council, Colchester Borough Council, Colchester Homes, Colne Housing, Age UK and Colchester Credit Union - at the Old Library at Colchester Town Hall.

To help raise awareness, members of our Income Management team recently visited our residents in their homes in the Hythe area of Colchester, to offer them advice and information on how to shop a loan shark or what to do if they have taken out a loan with one.

More events to help raise awareness of illegal money lending will be conducted by our Income Management team in the Chelmsford and Thurrock districts early next year.

Kay Caldwell, Director of Housing, said: “We are very happy to support a campaign which fights against illegal money lending practices. It’s extremely important, especially as Christmas is approaching, to get the message across that people should not borrow money from a loan shark.

“Unfortunately, many people don’t think that they have been taken in by a loan shark as they are often groomed to consider them as friends – after that they strike.”

Anyone who has been approached, or wishes to report a loan shark, can simply e-mail reportaloanshark@stoploansharks.gov.uk, text ‘loan (space) ‘shark’ (space) and your message to 60003, visit www.direct.gov.uk/stoploansharks or call the Illegal Money Lending Team on 0300 555 2222.

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Published 03/12/2012

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