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Warrant executed in Derbyshire

An investigation is underway after documentation and electronic devices were seized from an address in Heanor yesterday morning (Tuesday, May 18).

Officers from the England Illegal Money Lending Team (IMLT) worked in partnership with Derbyshire County Council trading standards and Derbyshire Constabulary to execute a warrant at a residential property in the town, following intelligence that illegal money lending was taking place.

The female suspect will be invited to attend a voluntary interview at a later date.

Tony Quigley, Head of the Illegal Money Lending Team said: “We are in the early stages of our investigation and would urge anyone affected by illegal money lending to get in touch on our 24-hour helpline or contact us via live chat on our website.

“Our advice to residents in need of financial support would be to turn to a credit union rather than a loan shark who could take advantage and charge extortionate interest rates.”

Derbyshire County Council’s Designate Cabinet Member for Health and Communities, Councillor Carol Hart, said: “Derbyshire County Council is determined to stamp out loan sharking, which brings misery and financial ruin to people’s lives.

“Our Trading Standards team will continue to work with the Illegal Money Lending Team to drive out these criminals and protect vulnerable residents.”

Residents are being advised to watch out for warning signs of loan sharks and report them if they are approached by one. A loan shark may:

  • Give little or no paperwork.
  • Avoid telling the interest rate or how much is still owed.
  • Add random charges or keep increasing the amount.
  • Take items as security, such as passports, bank cards or driving licences.
  • Refuse to allow you to settle your debt
  • Resort to intimidation, threats or violence.

Confidential help and further information for victims of loan sharks is available from the Illegal Money Lending Team, 24 hours a day, seven days a week on the helpline number 0300 555 2222 or at www.stoploansharks.co.uk. Live Chat is available on the website between 9am and 5pm, Monday to Friday.