Our Trading Standards Team is urging residents to be aware of the risks of using a loan shark.
Working in partnership with the national ‘Stop Loan Sharks’ campaign, Trading Standards will be in Broad Street in Reading town centre on 28 January to raise awareness of the risks of using a loan shark.
Officers will be on hand to provide information for people that have been affected by illegal lenders and provide advice on how to identify one and where the public can get help, if they or a family member/friend have borrowed from one.
If you can answer yes to one or more of these questions you might be borrowing from a loan shark:
Anyone with concerns about illegal money lending can contact the Stop Loan Sharks 24/7 Helpline in confidence on 0300 555 2222.
Live Chat is also available on the Stop Loan Sharks website from 9 am to 5 pm, Monday to Friday (excluding bank holidays).
The national loan sharks team will offer support every step of the way. Investigators work alongside our Liaison Officers and can provide one to one support if needed with housing or debt issues, referrals for health problems or even advice on borrowing money safely.
After you report, investigators use the information and start to build a case against the illegal lender.