£900k loan shark debt 'written off'

[shamen]

http://www.bbc.co.uk/news/uk-wales-13503678

A team tackling illegal money lenders in Wales has wiped out £900,000 of debt owed to loan sharks by their victims so far, figures have revealed.
The Wales Illegal Money Lending Unit (IMLU) has identified 1,700 people as victims since it was set up in 2008, and has brought 32 people to trial.

[The Debt Star]

Re: £900k loan shark debt 'written off'

Is that coming to England?

[shamen]

Re: £900k loan shark debt 'written off'

There are apparently such units in England and Scotland too.

All i could find about the English unit is an email address and phone number

reportaloanshark@stoploansharks.gov.uk

0300 555 2222

[The Debt Star]

Re: £900k loan shark debt 'written off'

Hmmm, these units are something this forum and others like it should promote?

[shamen]

Re: £900k loan shark debt 'written off'

They are government backed and seem to be doing their job, unlike some government orgs, so I would say that getting info like this out to people whoa re affected would be great. Its all too easy for people turned down for mainstream credit to turn to sharks and end up paying ridiculous amount of money (or worse).

[The Debt Star]

Re: £900k loan shark debt 'written off'

yes, 100% agree with you.