Grant awarded to help combat loan sharks

AN advice service has been awarded a grant to raise awareness of the dangers of loan sharks.

The Hastings Housing Access Project, run by BHT Sussex, which supports people to access accommodation in the private rented sector, received £750 from the England Illegal Money Lending Team.

It will use the funding to make people aware of loan sharks, the tactics that they commonly use and the risks of borrowing money from them.

Jo Wilson, Hastings advice service manager, said: “This funding will help us to really get the message out there to never borrow money in this way. We work with lots of disadvantaged and vulnerable people every day and unfortunately loan sharks could target people like this.”

Tony Quigley, head of the England Illegal Money Lending Team, said: “Illegal money lending is a despicable crime which causes nothing but harm to our communities. These lenders may appear to be offering a community service but borrowers are often forced to pay back far and above what they have borrowed and can afford. We would urge anyone who has been the victim of a loan shark to report them on 0300 555 2222.”