MERSEYSIDE schoolchildren aged as young as five are being taught about the perils of using
loan sharks.
"I saw him (the
loan shark) standing near the road as I was walking to my room," said Mr Suresh.
Loan sharks deliberately make it too easy to borrow and far too hard to end the relationship.
The spokeswoman also explained how victims were often in rent arrears - choosing to pay
loan sharks before their bills because they were often "terrified".
Since then, Wong has been receiving several calls from various numbers and also received direct threats from the
loan shark who came to his house and demanded he pay the sum owed.
Salvosa added Pagcor has consistently reminded and issued memorandums to their operations and licensed properties 'that they should not tolerate the activities of
loan sharks in the casinos.'
Coun John Horner, portfolio holder for community safety at Warwickshire County Council said: "
Loan sharks are a blight on our communities, causing misery to thousands of families.
Councillor Barbara Dring, chairman of Birmingham City Council's licensing and public protection committee, said: "
Loan sharks target those who are struggling financially and trap them in spiralling debt.
A common strategy used by
loan sharks is to confiscate the passport of the borrower.
"We encourage all
loan shark victims to approach any police station in the UAE."
PEOPLE struggling to pay off Christmas debts are being warned not to sign up with
loan sharks who've been found charging interest rates of up to 3,000%.