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An annual campaign to crackdown on loan sharks in Wolverhampton is set to return later this month – thanks to a little bit of help from ‘Glenda the lender Shark’.

National mascot, ‘Glenda the lender”, will be joining Money Smart Officers from Wolverhampton Homes as well as Better off in Wolverhampton and Wolverhampton City Credit Union. The officers will be available for advice and guidance regarding all money issues, loan shark problems and upcoming Universal Credit.

There will also be a competition for all to enter with a chance of winning a £50 shopping voucher.

Figures suggest that since national Money Lending teams have been brought into place, more than 220 prosecutions have been secured and over 19,000 victims of loan sharks have been supported. In 2012, 686 investigations into suspected illegal money lending activity were launched and 82 warrants were executed leading to 94 arrests. (*stats from Illegal Money Lending Team at Leeds City Council)

The Illegal Money Lending Team’s mascot Glenda the lender Shark and the Money Smart Team will be at the following events from the week beginning the 25th of January:

Drop in:

• Monday 25th January from 9.30am to 12pm at
Wolverhampton Homes Merry Hill One Stop Shop Leasowes Drive, Merry Hill, Wolverhampton, WV4 4PZ.

• Tuesday 26th January from 9.30am to 12pm
Wolverhampton Homes, Wednesfield One Stop Shop
Alfred Squire Road
WV11 1XU
And Wednesfield High Street

• Wednesday 27th January from 9.30 am to 4.30pm
Wolverhampton Homes Market Street Office
29 Market street
WV1 3AG
And Wolverhampton City Centre

• Friday 29th January from 9.30am to 4.30pm
Wolverhampton Homes Bilston Office
Bilston Town Hall
Church Street
Bilston
WV14 0AP
And Bilston market
WV14 0DN
 

The events are being supported by Wolverhampton City Credit Union, who will be on hand to provide a safe and legal alternative to loan sharks.

Shaun Aldis, Director of Operations at Wolverhampton Homes said:

Illegal money lending is a terrifying trap and we want to do everything we can to help tenants avoid it - especially with Universal Credit in the pipeline for this year. That’s why our Money Smart Team will be out and about offering advice and guidance about sensible borrowing and avoiding debt.


Councillor Peter Bilson, Deputy Leader and Cabinet Member for City Assets at City of Wolverhampton Council added:

We know things are tough for a lot of people right now but there are alternatives rather than turning to illegal loan sharks. We’re here to help and if you are worried about your finances – make sure you come along to the drop-in sessions, which we’re hosting at various locations across the city next week.

To report a loan shark:

Call the 24/7 confidential hotline 0300 555 2222
Text ‘loan shark + your message’ to 60003
E-mail or Private message on Facebook

 

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