Hundreds at the Mid Somerset Show tackle the issue of loan sharks
By Nub News guest writer
26th Aug 2022 | Local News
More than 400 people came to Citizens Advice Mendip's stall at the Mid Somerset show attracted by the opportunity for their children to create their own shark using scrap materials. 'Sid the Shark' was also on hand to entertain and provide a model for their artistic endeavours. Behind the fun though was a serious message about the dangers of falling into the hands of loan sharks, particularly in the current cost of living crisis.
While the children were working on their creations, helped by local artist Jasmine Collings, Citizens Advice staff and volunteers were able to engage easily, in a non-threatening environment with families and their children about the dangers of using loan sharks, how to identify them and report them. All of the children's works of art will be displayed in prominent places locally to continue to raise awareness of the dangers of loan sharks
One parent said: 'What a great way to raise the dangers of borrowing money!' and several asked if it could be repeated as it was so informative and engaging.
Ian Byworth, CEO of Citizens Advice Mendip commented: "We're delighted to be working with the Illegal Moneylending Team to raise awareness of this problem locally. Loan sharks are unauthorised moneylenders, usually working from home, charging very high rates of interest.
" Often they threaten violence if people are unable to repay them. If you find yourself in financial difficulties, don't be tempted. If you've been approached, you can help stop others falling into this trap by contacting in confidence the 'Stop the Loan Sharks campaign on 0300 555 2222 or by visiting their website stoploansharks.co.uk'
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