Tuesday 4 March 2014

Tuesday, March 04, 2014 Posted by Hari No comments Labels: , , , , ,
Posted by Hari on Tuesday, March 04, 2014 with No comments | Labels: , , , , ,

SOURCE BBC NEWS: The dangers of loan sharks to be taught in schools
The Illegal Money Lending Team (ILMT) in England is offering schools ready-made lessons designed to warn their pupils about the danger. The educational packs, which include videos, have been funded by confiscated money from convicted loan sharks. More than 2,500 primary and secondary schools have already expressed an interest. It is estimated that 310,000 families use loan sharks, typically borrowing £350 at a time. But as the debts escalate to thousands of pounds, it is thought borrowers are paying £700 million a year to unlicensed lenders.


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