Help, advice and support is readily for anyone who believes that they may have been the victim of a loan shark
The England Illegal Money Lending Team (IMLT) have released an impactful new video, which aims to bring awareness to the issue of how parents are affected by loan sharks. The short dramatic video, shows the devastating effect of illegal money lending, and is part of a larger campaign to raise awareness of the rights of victims, and the help available to them.
The England Illegal Money Lending Team (IMLT) is the government body behind Stop Loan Sharks. The team was set up in 2004 to investigate and prosecute illegal money lenders while protecting those who have borrowed money from a loan shark.
Research from 2017 Witness Statistics Report shows that 50% of victims supported by the IMLT were parents with an average of two children per family, and worryingly, 43% of victims went without food, fuel or missed rent or mortgage payments in order to repay the loan shark.
The impact of illegal money lending is immense, with 32% of victims asked said that they had considered committing suicide and 25% of those with suicidal thoughts said it was due to their involvement with a loan shark.
Tony Quigley, head of service for the Illegal Money Lending Team added; “There are many misconceptions surrounding illegal money lending, in particular the ‘sort’ of people targeted and exploited by loan sharks. We hope this new video will help to dispel some of those myths and encourage anyone affected by illegal money lending to get in touch, so we can help.
“We have secured more than 380 prosecutions for illegal money lending and related activity, leading to nearly 329 years’ worth of custodial sentences. We have written off £73.7 million worth of illegal debt and helped over 28,000 people.
“The message is clear; you are not in trouble if you have borrowed cash or have been paying back a loan from an illegal money lender, the loan shark is. They are the people committing a crime, not you.”
To see the video and download the stop loan sharks free education resources, visit www.stoploansharks.co.uk
To report a loan shark call the 24/7 confidential hotline on 0300 555 2222 or text a report to 078600 22116.
Construction of four new bungalows specifically designed to be adaptable for wheelchair users has begun in the heart of St Helens Auckland.
The two-bedroom bungalows are being built for County Durham Housing Group on a vacant site in Davis Avenue and are due for completion by summer 2018. All four homes will be available for affordable rent.
Featuring the latest standards in heating and insulation, the bungalows will provide substantial savings for tenants; particularly when compared to older, private rented properties.
The new homes are part of a £30m project bringing additional affordable homes to County Durham. A total of 300 new homes will be created on 17 sites for County Durham Housing Group by 2020. The investment is also creating hundreds of jobs and apprenticeships, supporting the local economy.
County Durham Housing Group Development Manager, Tom Winter, said: "This may seem like a small development, but these new homes are allowing us to meet a very specific demand for accessible and affordable homes in the St Helens area.
"The bungalows are part of our ongoing plans to build the right homes in the right places to support communities and improve lives."
Construction work on the new homes in Davis Avenue is being carried out by long-established Bishop Auckland based firm T Manners & Sons. Wayne Harris, Contracts Manager at T Manners, said, “I started as an apprentice joiner with T Manners in the 1980’s and worked on many similar projects building affordable homes for local people. It’s great to be involved again in such a worthwhile development. I hope we can continue to work with County Durham Housing Group, providing more affordable homes in the area.”
The first new social housing in the remote village of Rookhope for over 50 years has been completed, as part of a £30m project bringing affordable homes to County Durham.
A pair of two-bed bungalows in the heart of Rookhope have been officially handed over to County Durham Housing Group. The new homes are the first new social housing of any kind in the upper-Weardale community, which has a population of fewer than 300 people, since the post-war era.
The bungalows, on Boltsburn Crescent, are also the first of 300 new purpose-built affordable homes being constructed on 17 sites between now and 2020 by County Durham Housing Group.
County Durham Housing Group Chief Executive, Bill Fullen, said: “We hear lots of talk about the housing crisis in big cities, but affordable housing is just as much of an issue in a small rural village like Rookhope.
“These bungalows might seem like a drop in the ocean to some. But to the families who will be able to live in this village, they will mean everything.
“I can’t imagine the circumstances where a private investor would be able to deliver a project like this, which the community wanted and knew that there was demand for. But, this is exactly the type of project where County Durham Housing Group can come into its own.”
The bungalows feature high levels of insulation, the latest heating systems powered by solar panels, and double glazing. They are expected to bring big savings to tenants when compared with older homes in the village. Demand for modern bungalows in Rookhope is high as most properties date back to the area’s lead and ironstone mining heyday, well over 100 years ago.
County Durham Housing Group is one of the region’s largest providers of affordable housing. Alongside the new properties in Rookhope, the group’s £30m new-build programme is creating new homes in communities like Pity Me, Bowburn, Crook and Seaham. As well as traditional affordable rent, construction is delivering ‘Rent to Buy’ homes, which will help hard-working families take their first step on to the property ladder.
The programme is also expected to create around 100 new jobs and apprenticeships. Construction at Rookhope was undertaken by Bishop Auckland based contractor T. Manners & Sons, further supporting the Weardale economy.
Simon Manners, Joint MD at T Manners & Sons Ltd and the fifth generation of his family to run the 157 year-old business commented: “It has been a real pleasure to work with County Durham Housing Group and deliver affordable homes in Rookhope. Our craftspeople are all locals to the county and so it feels special to be involved in this much needed project. We are pleased to be continuing our relationship with the group, building more bungalows at West Auckland and hope to do more in the future.”
Rookhope, which sits high in Weardale above Stanhope, was a busy centre for the buoyant lead and ironstone mining industries until the early 20th century. Once known as Boltsburn, the village expanded greatly to serve the industry; criss-crossed by railways and dominated by chimneys. Nowadays the peaceful village is perhaps best known for its position at the foot of the fearsome Bolts Law incline on the popular Coast to Coast cycle route from Cumbria to the north east.
Construction of 10 new affordable, family homes in a popular County Durham village could start within months after planning permission was granted in December.
The three-bed homes are part of a project to give hard-working families the opportunity to take their first step on to the property ladder and will be available under a rent-to-buy programme by County Durham Housing Group.
Rent-to-buy is a government scheme designed to ease the transition from renting to buying a home by providing subsidised rent; usually around 20% below the market rate.
Being built in Surtees Avenue, near the centre of Bowburn, the homes will feature the latest standards in heating and insulation, reducing energy costs for families.
County Durham Housing Group Development Manager, Tom Winter, said: “Bowburn has been chosen for the development due to high demand for affordable homes in the area.
“By offering these rent-to-buy properties we are able to help families who aren’t quite able to buy their own homes using traditional methods to take a step on to the property ladder. They’ll be able to build a long-term future in Bowburn, contributing to the future of the village.”
County Durham Housing Group will start the process for appointing a contractor in the New Year and will work closely with the successful contractor to ensure that disruption to nearby residents is kept to a minimum during the work. Work is planned to begin during summer 2018, with completion expected in 2019.
The homes in Bowburn are part of programme of construction across the region by County Durham Housing Group. In total 300 new homes will be built by the group on 17 sites between now and 2020. Each site is being tailored to the needs of the local community with properties ranging from wheelchair accessible bungalows to three-bedroom family homes. As well as rent-to-buy opportunities, many homes will be available for affordable rent too.
It is anticipated that the £32m investment in new homes across the region by County Durham Housing Group will create 100 jobs and apprenticeships.
Durham Key Options are working with the England Illegal Money Lending Team (IMLT) to steer residents away from borrowing from loan sharks in the lead up to Christmas.
A loan shark is someone who lends money illegally without the correct authorisation from the Financial Conduct Authority (FCA). Loan sharks normally appear friendly at first, but this behaviour soon changes once monies are owed.
Christmas is a prime time for loan sharks - these criminals are swimming around on housing estates, looking for the next vulnerable person to exploit.
It’s easy to fall in to the grip of a loan shark; they seem like friendly people at first, someone who you might refer to as a close neighbour or colleague. You might find yourself short for money during the festive season, but borrowing from a loan shark could result in you paying back significantly more with extortionate interest rates and threats included. When taking out a loan from an illegal money lender, you will be left in the dark, not knowing much how much money you owe or the amount of interest you’re being charged on the loan as often no paperwork is given.
We understand it can sometimes be scary to ask for help, but if you call the England Illegal Money Lending Team’s hotline on 0300 555 2222, you can speak to a member of the team anonymously or in confidence. They are there to help, not judge, and will let you know what your options are so you can decide what to do.
In some cases, loan sharks have been known to resort to the most extreme methods to enforce repayment from borrowers. This has involved victims being subject to intimidation, threats and violence, leaving many frightened to leave their own home.
The England Illegal Money Lending Team (IMLT) can help people who have been a victim of a loan shark. The national team are a law enforcement agency who work with local Trading Standards authorities across the country to investigate and prosecute illegal money lending and related offences. The team have previously prosecuted loan sharks for other forms of criminality, including drug offences, kidnap and even rape.
The 50-strong team are made up of Investigators who work endlessly to bring loan sharks to justice and LIAISE officers who protect and support victims, and work with a number of partner agencies to raise general awareness of the issue.
The IMLT have secured more than 380 prosecutions for illegal money lending and related activity, leading to nearly 328 years’ worth of custodial sentences. They have written off nearly £72.5 million worth of illegal debt and have helped over 27,000 victims.
Residents are urged to never borrow money from someone if they:
Residents can check if someone is authorised to lend money by visiting the Financial Conduct Authority’s website and searching for a company, person or postcode through their Financial Services Register
To get help with debt and budgeting, visit your local Citizens Advice Bureau. If you need a cash loan or would like to open a savings account in preparation for Christmas, visit https://www.findyourcreditunion.co.uk/ to find your nearest credit union.
To report a loan shark: