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ARCH annual report

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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

Loan sharking best practice guide 17/02/2017

The Illegal Money Lending Team - England (IMLT) has published a Best Practice guide for housing providers interested in protecting tenants and communities from illegal money lenders. This was produced under the Stop Loan Sharks initiative.

 

Loan Sharks are people who lend money without the required permissions from the Financial Conduct Authority (FSA). The victims of illegal money lenders are very often tenants - 83% of victims helped by the ILMT in the first half of 2015 lived in rented accommodation.   

 

The impact of zero hour contracts, insecure employment and benefit caps may drive more people into using loan sharks. The Best Practice guide may help councils develop a strategy to identify and tackle operations in their area which could:

 

  • Reduce rent arrears.
  • Reduce abandoned tenancies.
  • Help build a picture of what is going in in the area.
  • Tackle financial exclusion.

 

Download the IMLT Best Practice guide.

 

More information on how to report a Loan Shark.

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