The 50-year-old tailor, from Thrissur, in Kerala, says he has an outstanding debt of BD500 to the loan shark
But the central message from Loan Smart is that loan sharks
should always be avoided.
"We're also trying to make the referral process easier so if people suspect loan sharks
are operating they know how to report them to us."
Thats why were taking the fight to the loan sharks
and spending more than ever to support their victims.
The proposed 'Protection Against Casino Loan Sharks
Act of 2017' declares the State shall outlaw credit and loaning activities of loan sharks
inside casinos as these pose imminent threat to the financial credibility and monetary viability of individuals.
"Warwickshire Trading Standards is helping to raise awareness of the problems caused by loan sharks
and clamp down on their activities."
Anyone in Yorkshire and Humber working on a project raising awareness of the dangers of using loan sharks
or promotes financial management can apply.
Age Concern representatives will then pass on expert advice on how to guard against loan sharks
at a drop-in session open to the public.
Figures from WIMLU suggest a dramatic increase in the number of people in Wales turning to loan sharks
. One case alone which WIMLU is investigating involves more than 400 victims across the whole of South Wales.
Dubai: Loan sharks
continue to victimise cash-strapped UAE residents despite strict laws against the practice, a new report has said.
Cash-strapped residents who have fallen victim to loan sharks
in the UAE are being urged to put aside their fear and report their plight to police.
A FRESH assault on the growing number of loan sharks
has been launched by the Scottish Government.