In comparison, 1.08 million people were estimated to have turned to loan sharks in 2022, according to the Centre for Social Justice. Borrowing from an illegal money lender is never a good idea, and it's crucial this illegal activity is reported. 'No matter how friendly they may seem at first, loan sharks often resort to violence and intimidation and are extremely dangerous individuals,' Hartley said. 'Borrowing from an illegal money lender is never a good idea, and it's crucial this illegal activity is reported.' It appears that some borrowers simply aren't aware of the risks that loan sharks pose, however.

Source: Daily Mail May 16, 2024 04:38 UTC