LOAN sharks are being targeted as part of a nationwide social media Christmas campaign.
With the festive season fast approaching, the Illegal Money Lending Team (IMLT) are urging families to not borrow from loan sharks amid fears a small loan could lead to massive repayments in the New Year.
The IMLT – a national team that investigate and prosecute loan sharks – work closely with the Financial Conduct Authority (FCA), local Trading Standards and the Police to crackdown on illegal money lending.
The IMLT are launching a social media campaign to give users advice on how to avoid falling victim to loan sharks and report illegal money lending in their area.
The campaign will run from Monday 4 to Friday 8 December 2017.
VIDEO: Mike borrowed money from an ‘old school friend’ – he soon realised this person was a LOAN SHARK and reported to @LoanSharkNews. Watch here: