Monetary loan

Maidstone’s crackdown on loan sharks

Photo of a Loan Shark character from a previous event. Maidstone Borough Council

The Community Protection Team and Maidstone Borough Council partners are raising awareness of the dangers of using illegal moneylenders. They will be offering advice and support at the Shepway Shop Parade, Northumberland Court, Northumberland Road, Maidstone, on Wednesday February 16 from 10am-2pm.

The team will be joined by Kent Police, Kent County Council and the Kent Savers Union with advice for anyone who thinks they might be a victim of loan sharking or have debt problems.

Maidstone Borough Council deputy leader Jonathan Purle said: ‘Illegal moneylenders prey on the vulnerable. Sometimes people may not realize they have received money from a loan shark until they start being threatened. We try to get the message across that there are other ways to get money if someone is desperate. Come learn more.

Maidstone Borough Council has received a grant from the Kent Police and Crime Commissioner, which provides grants once a year for local community projects. The money will be spent to raise awareness of the dangers of using loan sharks by organizing public events like this.

This day is organized in collaboration with the National Illegal Money Lending Team (IMLT). Since 2004, IMLT England has supported over 29,000 people and canceled over £74.9 million in illegal debt.

It is estimated that there are 310,000 people indebted to illegal moneylenders in the UK. Illegal money lending teams in the UK investigate and prosecute loan sharks and work to raise awareness of illegal money.

For more information, see the Illegal Money Lending Team website at: http://www.stoploansharks.co.uk

Get all the latest news, updates, things to do and more from Maidstone’s dedicated InYourArea feed.