Tabitha Richardson 83-Year-Old Newport Loan shark
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.
BBC Wales
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.
WalesOnline
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
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.
Tabitha Richardson 83-Year-Old Newport Loan shark
An 83-year-old loan shark “preyed on vulnerable people” and would threaten them if they missed repayments.
Talk Learn Do
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.
ActionRehab
Something that may often get overlooked is the financial toll that comes along with addiction.
Want to hear more about Stop Loan Sharks? Why not listen to our appearance on the “Ask The Regulator” Podcast.
Want to hear more about Stop Loan Sharks? Why not listen to our appearance on the “Ask The Regulator” Podcast.
Illegal Loan Sharks Cash-In On Cost-Of-Living Pressures
New research*, commissioned by Stop Loan Sharks Wales and The Welsh Government, confirms fears that current financial hardships may drive more people in Wales to borrow from illegal money lenders, more commonly known as loan sharks. 38% say they are more likely to need to borrow money or credit this year to cover everyday costs. 50% of those borrowing needed funds for everyday living expenses; of those, 66% for food and 53% to cover energy bills. 18-34s are most susceptible to targeting by illegal money lenders.
