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Illegal Money Lending Team
A Loan Shark is someone who lends money without the correct permissions. These permissions are granted by the Financial Conduct Authority. Loan Sharks rarely, if ever, give any paperwork and if payments are missed they often use intimidation and violence to get money from their 'clients'. The Illegal Money Lending Team is here to help. If you have any information, however small, on loan shark activities we can help.
- Have you been offered a cash loan?
- Have you been threatened when you couldn't pay?
- Has your bank card been taken from you as a security?
- Does what you owe keep growing even though you are making payments?
If you can answer yes to any of the above then you may have been bitten by a loan shark. If you, or anyone you know, is experiencing any of the above or has any knowledge of loan shark activities then contact our team IN CONFIDENCE.
A copy of our Winter Newsletter is attached below.
We can be contacted 24 hours a day, seven days a week on:
Telephone: 0300 555 2222
or by text to: loan(space)shark(space) + your message to 60003
You can also find out more about our work by visiting www.facebook.com/stoploansharksproject.
Our team is national, so although we are based in Birmingham, we cover and investigate illegal money lenders across the whole of England.
Newly available Teaching Resources
Brand new resources (attached at the bottom of this page) have been developed by teachers to warn young people about Loan Sharks. They are funded by prosecuted Loan Sharks through the Proceeds of Crime Act. The Illegal Money Lending Team is a Trading Standards project set up to prosecute Loan Sharks and help their victims. The following resources have been developed to raise awareness of the help available and, just as importantly, to prevent people using illegal money lenders from a young age.
The materials contribute to a variety of curriculum area, such as Maths, English, PSHE, Drama, Art and Design and cover all key stages. They are pfeg quality marked and also deliver many core learning objectives from the pfeg primary and secondary planning frameworks including:
For primary schools:
Lessons about keeping your money safe, where does money come from and the difference between need and want. It also introduces the idea of saving and looks at issues around borrowing and lending possessions and money.
For secondary schools:
Lessons about safer lending and borrowing that reflect key financial inclusion objectives around when and how to borrow, values around money, saving and what can go wrong if you don’t make the right choice. There are lessons on credit, shopping around to get the best credit deal and the dangers of borrowing from Loan Sharks.
We really value your feedback so we can continue to develop our resources and keep biting back against loan sharks, to help us with this please complete our survey at:-
The videos used in both packs can be found at the following website:-
If you have difficulty accessing these videos due to fire wall issues and want the pack posted to you or you have any other queries please e-mail :David.A.Benbow@birmingham.gov.uk
Thank you for helping us bite back against Loan Sharks!