Despite the cuddly-toy look Loan Sharks are very unpleasant people! They lend money without the necessary permissions – which is a criminal offence – and they frequently charge high rates of interest. They can also harass, intimidate and beat up their victims to ensure re-payments.
Birmingham City Council has a dedicated Illegal Money Lending Team to help tackle Loan Sharks and do this though the Stop Loan Sharks project.
The Stop Loan Sharks project is run by Trading Standards and has been working across England for a number of years, raising awareness of the perils of using loan sharks, prosecuting them and supporting their victims.
The Stop Loan Sharks project team are always looking for new ways to get their message across to the general public and have recently launched an online quiz to warn people of the dangers of Loan Sharks, whilst giving them the chance to win £100 of shopping vouchers.
The quiz involves getting people to watch some short video clips which convey the key Stop Loan Sharks messages – that Loan Sharks should be avoided, are criminals, and that help and support is available for people who have borrowed. The closing date is not until the end of September so you have plenty of time to enter.
“Take a 10 minute online challenge and win £100 of shopping vouchers”!
The Stop Loan Sharks project online quiz, will give one lucky person the chance to win £100 of shopping vouchers. Two runners up will each receive a goody bag and it will take no longer than 10 minutes to complete.
To have a chance of winning the prize please go to https://www.surveymonkey.com/s/IMLTchallenge