Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

VIDEO: Loan Shark To Cornish Families

news - money
Delicious Submit this page to reddit

6:28am 24th September 2014
(Updated 6:28am 24th September 2014)

It is feared Cornish famililes are being targeted by illegal loan sharks.

A crackdown is being launched amid fears some are being charged thousands of percent.

A national taskforce has told Pirate FM it has had a string of calls for help from the Duchy.

It is something Mike has been through. It started when he borrowed £250 for a car. He said: "It started off where I was just paying him £30 a week. The payments increased, because he wanted more. It went from £30 to £50 to £60 to £70. Then, because I was using the money to pay him instead of buying food, gas, electric, the rent - I had to borrow more money off him to pay them.

"He started to give threats saying that, if we didn't pay us, he was going to hit us or take stuff out of the house.

"He took the kids' Playstations, he took the car off us. There was one occasion where I was ill, laying on the settee, and he just started laying into me in front of the kids."

David Parker, Community Safety Officer with Cornwall Council said:  “We know that loan sharks are currently operating in Cornwall, but we need to gather more intelligence to identify and ultimately prosecute loan sharks who make a living out of preying on the vulnerable. 

"Loan sharks may initially appear to be your ‘friends’ and even live nearby, but they quickly turn to threatening and sometime violent behaviour when they are not paid. Safer Cornwall wants to help people avoid these unscrupulous individuals.

"We are calling on our partners, residents, people who have already borrowed money and are worried, and anyone who has information about the identity and activities of these individuals to get in contact and let us know.”

Loan sharks are people who lend money to others without authority and without the appropriate licence issued by the Office of Fair Trading. They rarely, if ever, give any paperwork and if payments are missed they often use intimidation and violence to get money from their ‘clients’.

David adds: “If you have been offered a cash loan; threatened when you couldn’t pay; had your bank card been taken from you as a security or, if what you owe keep growing even though you are making payments, then you may well have been bitten by a loan shark.

"If you, or anyone you know, has experienced any of these things or has any knowledge of loan shark activities then contact the Stop Loan Sharks team in complete confidence.”

Geoff Brown, Cornwall Council cabinet member for homes and communities said: “I would urge anyone who is experiencing serious financial difficulties to seek help and advice from experts, such as the Citizens Advice Bureau, rather than resorting to loans from unknown people.”

If you have any information, however small, on loan shark activities contact Stop Loan Sharks on 0300 5552222.

If it is something you are worried about you can get help here.

Activity 10 Mike's story part 1 dvd clip from ILLEGAL MONEY LENDING TEAM on Vimeo.

6:28am 24th September 2014

Share This Story

Delicious Submit this page to reddit
Suggested articles
rugby

Cornish Pirates face 'must-win' clash

They welcome Doncaster to Penzance

refugees

Bude welcomes Syrian refugee family

A family of five are moving to Cornwall

Most read
lelant rescue 5

VIDEO: Man airlifted after plunging from cliffs

Rescue crews were called to coastline near Lelant

golitha falls

UPDATE: Man found dead in Cornish woodland

Police not treating the death as suspicious

Top articles

BREAKING: Rescue helicopter lands after crash

Cornwall News: The main road to St Just was reportedly closed

Pirate FM Cornwall News Update - 7th January 2016

Cornwall Video News: Officials say they’re holding talks to find new jobs for hundreds of workers in Bodmin.

Talks on forming new Northern Ireland government break down

National News: Negotiations on the establishment of a new power-sharing government in Northern Ireland have broken down.

UPDATE: Body found on popular Cornish beach

Cornwall News: Police say death at Watergate Bay 'isn't suspicious'

Star Wars star Carrie Fisher and mother Debbie Reynolds remembered

Showbiz News: The lives of Star Wars star Carrie Fisher and her actress mother Debbie Reynolds have been celebrated at a public memorial.

Mosul's humanitarian crisis as important as battle for city

World News: For the past 14 years, Iraq has lurched from one multi-ethnic, multi-religious conflict to another.

Formula One: Sebastian Vettel beats Lewis Hamilton in first race of season

Sports News: Sebastian Vettel has beaten Lewis Hamilton in the first race of the Formula One season in Australia.

Newer article

VIDEO: Emergency Landing Plane Taken For Repair

Cornwall News: The historic plane that performed an emergency landing at Culdrose air day is on its way for repairs

Older article

VIDEO: £2m Landing Pad Will "Help Save Lives"

Cornwall News: Cornish patients will be taken to Derriford more quickly thanks to new landing pad for the Duchy's air ambulance

Cornwall's Pirate FMPirate Extra Footer LogoEscape to Cornwall radioLoveCornwall.com - The Cornish Business DirectoryPirate Education and Training

 

© Copyright Pirate FM

Pirate FM cannot be held responsible for the content of external links.