Press Release: HELP FOR LOAN SHARK VICTIMS WELCOMED BY NEATH AM

Neath's Labour AM Gwenda Thomas has today welcomed the launch of a new all-Wales confidential hotline to help victims of illegal loan sharks.

The new hotline - 0300 123 3311 - marks the latest step in the battle against loan sharks operating in Wales. It offers help, advice and support to loan shark victims and their families, and has been backed by the Labour-led Welsh Assembly Government.

Gwenda Thomas AM said:

“This hotline is an important step forward for the victims of loan sharks in areas like Neath.

“Loan Sharks prey on some of the most vulnerable people in our communities by ripping them off with extortionate rates of lending, often backed up by intimidation and threats of violence. They are a menace in our communities.

Gwenda added:

“I would advise anyone who needs help or advice to pick up the phone and make use of this confidential service on 0300 123 3311. The hotline is part of the All-Wales Illegal Money Lending Unit, which is helping to crack down on loan sharks across the country and I am delighted that the Labour-led Assembly Government is backing the scheme.

“Alongside this hotline, the Labour-led Assembly Government is also supporting our local credit unions, so that more people are given the chance to save and access affordable credit and budgeting advice.

“This combination of measures will help to make sure that the writing is on the wall for the Loan Sharks.”