Loan sharks face fresh government crackdown

The government is stepping up its crackdown on illegal money lenders who target vulnerable people.

The Treasury has earmarked £5.5m, up 16% on last year, to pay for investigations and prosecutions of “nasty lenders” and “lowlife crooks” as well as support for their victims.

More than £100,000 already seized from loan sharks will also be spent on helping victims.

Some 300,000 people are in debt to illegal money lenders in the UK.

If you have been affected by illegal money lending, you can call the Illegal Money Lending Team’s confidential hotline on 0300 555 2222

Source BBC News