A 46-year-old man was arrested on suspicion of illegal money lending as part of an operation led by the England Illegal Money Lending Team (IMLT) and the Metropolitan Police. The IMLT collaborates with local authorities to identify and prosecute illegal lenders, emphasizing the serious threat to communities. With 1.08 million individuals in debt to loan sharks in England, these unregulated lenders often resort to intimidation and violence. Authorities urge anyone affected by illegal lending practices to report incidents and access available support services for assistance.
Illegal lending is a scourge on society, and we work hard with our partners to investigate reports and remove offenders from communities across England.
There are up to 1.08 million people in debt to loan sharks in England, according to figures from the Centre for Social Justice (CSJ).
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