A loan shark who lent money illegally to his workmates and profited off their financial difficulties has been sentenced after a detailed investigation by Stop Loan Sharks Wales.
I had a good job but had to give it up when I became unwell and needed a series of operations.
As a working single mother to 4 children, I found myself in a difficult situation after borrowing money from a “friend”.
An 83-year-old loan shark has been ordered to pay back over £173,000 of her ill-gotten gains, with more than £35,000 returned to her victims in compensation.
About a quarter of people are planning to borrow money to pay for Christmas this year. Christmas is just around the corner, and whilst there’s a lot to be grateful for, it’s easy to fall into financial stress during the holidays.
Stop Loan Sharks Wales recently spoke with Wales Online to raise awareness surrounding the disturbing tactics and exploitation used by unlicensed money lenders in Wales. The article highlights the heartbreaking stories of those trapped in a cycle of debts.
Cwmbran loan shark Horace Taylor, aged 73, was sentenced to 3 months in prison, suspended for two years, after pleading guilty to illegal money lending.
An 83-year-old loan shark "preyed on vulnerable people” and would threaten them if they missed repayments.
Teaching your children about money from a young age helps them develop the skills they'll need as adults. We can show you how to talk to 3- to 11-year-olds about money.
Something that may often get overlooked is the financial toll that comes along with addiction.
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