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Dont get bitten by loan sharks

The Wales Illegal Money Lending unit is working to rid Wales of unlicensed money lenders and they are aware that loan sharks frequently target families which include a disabled child or adult. Borrowing even a small amount from a loan shark could mean paying back thousands of pounds in interest. The unit has set up a 24-hour confidential hotline where people in Wales can report loan sharks in their area, and receive assistance and protection.

Social workers are also advised to be aware of the potential exploitation of their clients by loan sharks, and can use the helpline to report incidents. The hotline number is 0300 123 33 11. You can find out more about The Wales Illegal Money Lending Unit , which is part of Wales Heads of Training Standards, here.


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