LoginLoan sharks on social media warning
Illegal money lenders in Scotland are targeting their victims on social media
Posted 20 November 2024 | JoTS Online
Content Tags: Updates|Crime|Scotland
UPDATES: Scotland’s illegal money lending watchdog is warning that loan sharks are using social media to target people under financial pressure, as Christmas costs and the wider cost-of-living crisis leave vulnerable borrowers exposed.
Illegal money lenders are using social media to identify and target vulnerable people, the <a href="https://stopillegallending.co.uk/" target="_blank" rel="noopener">Scottish Illegal Money Lending Unit</a> (SIMLU) has warned, with up to 300,000 people in Scotland at risk of falling victim to loan sharks according to the watchdog's latest data.<...
CTSI Member-Only Content
This content can only be accessed by logged-in members of CTSI.
Already a member? Please enter your details below. If your login is successful, the page will automatically refresh and the full content will be visible.
Why join CTSI?
The Chartered Trading Standards Institute (CTSI) is the representative body for UK Trading Standards and Regulatory Compliance professionals - and one of the largest, oldest (est. 1881) and most respected consumer protection organisations in the world.
As a non-profit campaigning organisation (see our Latest Campaigns), our strength, our voice and our ability to influence government, industry and the media, and shape public opinion comes directly from our membership, who are organised in an active network of branches, regions and special interest groups around the country. We are stronger together.
Interested in becoming a Member of CTSI?
Read about our various Membership Options - from Full Membership (qualified Trading Standards professionals) to Associate Membership (consumer protection supporters).
