New campaign against illegal money lenders in Wales

People living in Wales are being urged to report loan sharks – illegal money lenders – as part of a new campaign by trading standards teams.

Anonymous telephone, email and text lines are available to anyone who has fallen victim to illegal loan activity, and there is further online information from the Wales Illegal Money Lending Unit.  The telephone hotline number is 0300 123 3311.

Trading standards officers are particularly concerned about illegal lenders who befriend borrowers and behave as if they are doing them a favour.  Some resort quickly to threats of violence if extortionate repayments are not made.

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For the Wales Illegal Money Lending Unit, click here