Quedgeley News March 2012 Issue Number 189
Quedgeley News March 2012 Issue Number 189
Quedgeley News March 2012 Issue Number 189
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Our Web site www.quedgeleynews.com - full of local history and pictures<br />
Don’t Keep Putting it off<br />
Don’t say. “Yes that’s something I must do”<br />
RING US NOW!<br />
Key Wills<br />
Wills Written in the Privacy of Your Own Home<br />
Inheritance Tax Planning Community Care Planning<br />
Power of Attorney, Trust planning<br />
Tel 01452 723046 Mob 07796 267802<br />
Dealing with loan sharks<br />
The best advice for dealing with loan sharks is ‘don’t’. They’re unlicensed moneylenders who charge very<br />
high interest rates and sometimes use threats and violence to frighten people who can’t pay back their loan.<br />
Loan sharks will often: · start out being friendly their behaviour changes when<br />
repayments are missed<br />
· offer little or no paperwork<br />
· increase the debt or add additional amounts<br />
· refuse to give the borrower vital information, such as the interest rate or how much they<br />
still owe<br />
· take items as security for example, passports, bank cards or driving licences<br />
· resort to intimidation, threats or violence<br />
What to do if you have borrowed from a loan shark<br />
Loan sharks sometimes frighten people by saying they’ll be prosecuted and even sent to prison<br />
if they don’t pay up. This can’t happen – an unlicensed lender has no legal right to recover the<br />
debt. If you have borrowed money from a loan shark, there’s no legal obligation for you to pay them back.<br />
You can report a loan shark in confidence to an Illegal Money Lending Team (at Trading Standards)<br />
by calling 0300 555 2222 or by sending an email to reportaloanshark@stoploansharks.gov.uk<br />
(Cacade Neighbourhood Watch - Winter <strong>2012</strong>)<br />
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