Suspected loan shark arrested in Manchester

Published by Stop Loan Sharks at November 8, 2023

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A man was arrested on suspicion of illegal money lending following an operation in Manchester.

The England Illegal Money Lending Team (IMLT) worked in partnership with officers from Greater Manchester Police to execute a warrant at an address in the Didsbury area on Wednesday, November 8.

The 56-year-old was taken into custody and is helping with inquiries. IMLT officers seized electronic devices and documentation from the address.

The IMLT works in partnership with Manchester City Council Trading Standards Service to investigate and prosecute illegal money lenders.

Tony Quigley, Head of the Illegal Money Lending Team, said: “We will not tolerate illegal money lending in England and we are determined to do everything we can to combat this crime.

“We are also here to help those who may be in debt to an illegal lender – if anyone has been affected by this, they can get in touch with our specialist team in confidence for expert advice and support.”

The Centre for Social Justice (CSJ) estimates that there are up to 1.08 million people in debt to loan sharks in England.

Anyone with concerns about illegal money lending can contact the Stop Loan Sharks 24/7 Helpline in confidence on 0300 555 2222 or access support online at www.stoploansharks.co.uk. Live Chat is available on the website between 9am and 5pm, Monday to Friday.

Stop Loan Sharks England

2 days ago

We’re on top of the world today … well almost! We are at the top of the Radio City 96.7 tower in central Liverpool working with Bauer Media Group and students from St Helens College on a project to produce a radio ad raising awareness of credit unions.But first we are enjoying these fantastic views of the city….how many landmarks can you spot?#SLSEngland#StopLoanSharks ... See MoreSee Less

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Stop Loan Sharks England

6 days ago

Thanks so much to Utilita Energy for taking part in our training sessions recently, helping staff learn the dangers of loan sharks and how to spot when someone might be in debt to one.Not being able to pay household utility bills is often an early sign that someone is struggling financially.It is vital that the right questions are asked at this stage to establish what the issue is and what support that person needs.Sometimes the root cause can be that someone is in debt to a loan shark, and if that is the case, people can be referred to Stop Loan Sharks England for specialist help and support.An incredible 44 members of staff took part in five training sessions, and it seems our messages really struck a chord.Here is some of the feedback we had: 📢 “…able to give additional support to all customers and signpost correctly…”📢 “…know the signs on what to look out for moving forward…”📢 “It’s made me more aware that loan sharks can be anybody and that anybody could be a victim. I feel confident with how to approach whether somebody is a loan shark victim with what questions to ask and where to go for loan shark support.”The Financial Conduct Authority recently released new figures showing that, although things are improving, 7.4 million people are still struggling with domestic bills.Last year a third of the people supported by Stop Loan Sharks England said they borrowed from a loan shark for everyday bills and costs.It’s great to see the FCA taking action over this, ensuring better protection for borrowers.And it’s also great to see big-name energy companies like Utilita getting involved with our training to find out what they can do to help.One final bit of feedback was that “all utility organisations should offer this” and we couldn’t agree more.If you work for an energy company and you would like to find out more about how you can help your customers get in touch with us through stoploansharks.co.uk or email catherine.wohlers@birmingham.gov.uk#StopLoanSharks#stoploansharksengland#energybills ... See MoreSee Less

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Stop Loan Sharks England

7 days ago

Thanks to The Fishing Daily for featuring this article on the dangers of illegal money lenders today.Illegal lenders aren’t just a menace in big cities, they can strike wherever anyone is financially vulnerable.Those that work in the fishing industry are often self-employed with unpredictable incomes and this can make them a target for illegal lenders.If you think you have borrowed from an illegal lender and need advice or support, call us on 0300 555 2222.Commsave Credit Union#StopLoanSharks#SafeBorrowing ... See MoreSee Less

Fishing Industry Workers Warned on Dangers of Illegal Money Lenders

thefishingdaily.com

Fishing industry workers facing financial challenges are being warned to beware of illegal money lenders offering to help them out with loans

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Stop Loan Sharks England

7 days ago

Would you know how to spot a loan shark? We want you to know how to spot and avoid the clutches of a loan shark.⁠⁠Loan sharks won't offer any paper work, loan sharks add high interest rates to any loans, and can become aggressive or threaten violence. You can check if a lender is authorised by checking the FCA. ⁠⁠To report a loan shark contact us on 0300 555 2222 or visit www.stoploansharks.co.uk for our live chat feature. Need help finding a credit union?⁠Visit www.findyourcreditunion.co.u #SLSEnglandg#stoploansharksenglandg#LetsTalkLoanSharksharks ... See MoreSee Less

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Stop Loan Sharks England

7 days ago

Big thanks to the staff at The Cumberland Building Society (Carlisle), who took part in a Stop Loan Sharks awareness session this week.The session was very lively, and staff were keen to understand about the perils of using a loan shark and the support we offer to them and customers.Thanks for having us!#stoploansharksengland#StopLoanSharks ... See MoreSee Less

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Stop Loan Sharks England @slsengland ·

12 Apr

Thanks to @UtilitaEnergy for taking part in our free training. Staff say they now know how to spot the signs that a customer is in debt to a loan shark and how to access support. We would love to help more energy firms support customers in this way. Visit http://stoploansharks.co.uk

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Stop Loan Sharks England @slsengland ·

11 Apr

Thanks to @FD_Editor for featuring this article today. Illegal money lenders aren't just a menace in big cities - they will strike wherever someone is financially vulnerable.
#stoploansharks
#safeborrowing

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Stop Loan Sharks England @slsengland ·

11 Apr

Thanks to staff at @CumberlandBS (Carlisle), who took part in a Stop Loan Sharks awareness session this week. The session was very lively, and staff were keen to understand about the perils of using a loan shark and the support we offer. Thanks for having us!

#StopLoanSharks

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Stop Loan Sharks England @slsengland ·

10 Apr

These new figures from @TheFCA show millions are still struggling to pay bills. Last year 33% of those we supported borrowed from a loan shark for everyday costs. Call us on 0300 555 2222 if you are in debt to an illegal lender.
#stoploansharks

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Gwent Police | Torfaen Officers @gptorfaen ·

9 Apr

💷 #Torfaen Neighbourhood Officers have assisted with a warrant in #Cwmbran. One suspect remains in custody.
The neighbourhood team have worked alongside @SLSEngland and @LoanSharksWales . #Loansharks #StopLoanSharks

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