Loan sharks target people with money worries
Industry News | 25/08/20
Loan sharks are using the financial uncertainty caused by coronavirus to target people struggling to make ends meet.
The Wales Illegal Money Lending Unit is worried about the end of mortgage and credit card repayment holidays along with the furlough scheme.
The unit deals with dozens of reports of illegal lending every year, but very few loan sharks are ever prosecuted. That is because their victims are often too scared to give evidence in court.
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