December 12 2013 Latest news:
Thursday, October 31, 2013
A crackdown on loan sharks is being launched across the Waveney area next week to prevent residents from getting caught by sky high interest rates.
Waveney District Council, in partnership with the England Illegal Money Lending Team and Suffolk County Council, is pledging a ‘zero tolerance’ attitude to loan sharks as part of a special week to raise awareness of the issue.
An estimated 310,000 households across the country are in debt to a loan shark and as well as raising awareness, the campaign is also focused on prevention by supporting legitimate credit agencies including credit unions.
The week-long crackdown will begin on Monday with the signing of a charter by the district council’s chief executive Stephen Baker and the leader of the council Colin Law, which will establish the council’s zero tolerance attitude and form as an agreement that partners will work together to tackle the issues of illegal money lending.
A free training session for frontline staff will be held in the district council chamber in Town Hall, Lowestoft, on the same day from 1pm to 3pm, which will provide key information on things to look out for as a frontline worker or volunteer, the relevance of loan sharks for each organisation or community and a better understanding of information and intelligence.
Representatives will also be visiting homes to speak to residents about the dangers, engage with local schools along with mascot Sid the Shark and will be taking part in the upcoming Crucial Crew Initiative.
Posters, flyers and other publicity material encouraging people to call 0300 555 2222 to report loan sharks will be distributed throughout the Waveney.