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Southampton loan shark sentenced.

Jacqui Kennedy, Head of the England Illegal Money Lending Team would like to warn people to avoid illegal money lenders at all costs. They are not a community service and will trap borrowers into spiralling debt, causing nothing but misery. A loan shark is a crime and it will not be tolerated.

There was a case of Mary G. who had been lending money illegally to members of the Filipino community in Southampton for approximately 6 years. She offered no paperwork and borrowers were unclear as to how much they would have to repay. Mary G. was arrested when officers from the England Illegal Money Lending Team executed a warrant at her home seizing documentary evidence of the illegal business. Whilst the scale of her business is unclear, it is believed she had around 30-60 borrowers. Records suggest she had loaned over £50,00 and collected almost £125,000 with added interest. A women has been sentenced to a 12 month community order and 150 hours of unpaid work during a hearing at Southampton Crown Court.

Illegal Money Lending Team would urge anyone who has fallen prey to an illegal money lender to call in confidence on 0300 555 2222."

To report a loan shark:

Call the 24/7 confidential hotline 0300 555 2222
Text 'loan shark + your message' to 60003
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Log-on to www.direct.gov.uk/stoploansharks
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