Dangers of Illegal Money Lending



 

We have produced a video to raise awareness of the dangers of illegal money lending and loan sharks.

It is based on the real-life experiences of a Tai Tarian tenant and focuses on the misery, stress and dangers borrowing money illegally can cause people.

Illegal money lending or being a loan shark is a criminal offence.  As the film shows, lenders offer help to solve financial problems.  However, this help often turns to intimidation and threats of violence when re-payments are missed.  It can be an awful experience and can have a negative impact on health and well-being.

If you have become a victim of illegal money lending, then contact us for help and advice. 

Our Financial Inclusion team is ready to help tenants who’ve been affected.  We can help you manage your money and keep control of your finances.  We can also assist with budgeting and help you claim any benefits you may be entitled to.

If you need our help then contact us on 01639 506623 or email financialinclusion@taitarian.co.uk

If you are a loan shark victim or think there may be a loan shark operating in your area, contact the Wales Illegal Money Lending Unit on 0300 123 3311.  All calls are completely confidential.  Borrowing from a loan shark is not an offence and no action will be taken against any individual who has been lent money in this way.