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Safety partnership team tackles loan sharks

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Tuesday 16 January

Safety partnership team tackles loan sharks through a range of community initiatives

A multi-agency project targeting crime and anti-social behaviour (ASB) on estates across the borough has been advising vulnerable residents about the dangers of loan sharks.

The Swale Community Safety Partnership (CSP) – made up of the council, local police, fire, health and probation services, as well as local housing associations – organised a number of activities on ‘Blue Monday’, 15 January to give advice about taking out loans.

The action comes at a time of year when people feel financially stretched, and may be tempted into taking out illegal loans to tide them over until pay day.

Among the work that took place was:

Cllr Alan Horton, cabinet member for safer families and communities at the council, said:

"Around this time of the year many families are feeling the pinch. Our advice is not to take out loans with illegal lenders, even for small amounts.

"The truth of the matter is these lenders prey on vulnerable people and the high interest rates on these ‘no-strings’ loans soon lead to people being pushed further into debt as well as being harassed and intimidated.

"Instead we ask people to use alternatives, like the Kent Savers Credit Union who offer fair loans."

If you or someone you know is a victim of illegal lending you can call and report it on: 0300 555 2222. You can also visit: www.stoploansharks.co.uk to find out more.

To find out more about the CSP, please visit www.swale.gov.uk/community-safety 

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