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BHT’s Hastings Housing Access Project has been awarded £750 to raise awareness of the dangers of loan sharks.
The BHT Sussex service, which supports people to access accommodation in the private rented sector, has received the funding from the England Illegal Money Lending Team.
The funding will tackle the growing number of loan sharks targeting vulnerable men and women in the Hastings and St Leonard’s area.
The Hastings Housing Access Project will use the funding to make people aware of loan sharks, the tactics that they commonly use and the risks of borrowing money from them.
The team will help to raise awareness by circulating information at working groups and events and speaking to clients that they are working with as well as encouraging clients to talk to friends and family about the issue.
For more information please contact Jo Wilson on 01424 452613
We have seen an increase in the number of loan sharks working in the area so this funding will help us to really get the message out there to never borrow money in this way.
We work with lots of disadvantaged and vulnerable people everyday and unfortunately loan sharks target people like this.
The funding will help us to ensure that our clients have the information that they need to be aware of loan sharks and to avoid them at all costs.
Jo Wilson, Hastings Advice Service Manger
Illegal money lending is a despicable crime which causes nothing but harm to our communities. These lenders may appear to be offering a community service but borrowers are often forced to pay back far and above what they have borrowed and can afford. Many are subjected to threats, violence or other callous enforcement methods. We would urge anyone who has been the victim of a loan shark to report them in confidence on 0300 555 2222, as we can help.
Tony Quigley Head of the England Illegal Money Lending Team
To report a loan shark:
Call the 24/7 confidential hotline 0300 555 2222
Text ‘loan shark + your message’ to 60003
Private message us on www.facebook.com/stoploansharksproject