Salfordians warned against turning to loan sharks to fund back-to-school costs

Salford Credit Union chief executive, Sheila Murtagh, is warning the people of Salford to stay clear of turning to illegal lenders such as loan sharks to cover the costs of children returning to school next month.

Sheila said: “Loan sharks can pose as helpful and friendly people in times of need- but this behaviour quickly changes if repayments are not met.

“Some of the tell-tale signs of loansharking include cash loans without paperwork, use of benefit or bank cards as security and threatening behaviour or violence to get money.

There is another way: speak to us about fair and affordable loans that will work for you and your circumstances.”

If you are concerned about someone you know potentially being a victim of loan sharks, the Stop Loan Sharks helpline service(0300 555 2222)remains open and fully operational during the COVID-19 pandemic.

You can also use the contact form found on the homepage to request a call back at a time that’s safe for you.