Seven-year-old Newbury helps police crack down on loan sharks
A seven-year-old girl from Newbury has won an art competition with her loan shark awareness poster.
Sienna, from The Willows School Greenham, won an art kit for her success.
The poster will be part of the Public Protection Partnership’s awareness campaign regarding illegal money lending.
Illegal money lenders are unlicensed (loans without a consumer credit license) and operate outside the law.
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They are commonly referred to as loan sharks and charge very high interest rates on open ended loans making it very difficult for the borrower to see when the loan will be repaid.
Tony Quigley, UK Illegal Money Lending Team Manager, said: “We urge anyone affected by illegal money lending to contact our 24 hour helpline or contact us via live chat. directly on our website.
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“Our advice to residents in need of financial support would be to turn to a credit union rather than a loan shark who might take advantage and charge exorbitant interest rates.”
The project provides schools and the community with advice on illegal money lending and guidance signs to the illegal money lending hotline on 0300 555 2222. You can download the poster here or request one by emailing [email protected]