By Beth Sharp Friday 11 October 2013 Updated: 16/10 00:49
A MAN was held yesterday (Thursday) on suspicion of illegal money lending in Bromsgrove.
The 48-year-old was arrested at a property by the illegal money lending team who, supported by Worcestershire Regulatory Services and officers from West Mercia Police, who seized cash, documentation and other evidence.
The suspect has been questioned and released on bail until February 3, whilst further enquiries are carried out.
Coun Lucy Hodgson, cabinet member for localism and communities, said: “It is important to remind residents they can get financial support through a host of organisations such as the Citizens Advice Bureau.”
The Illegal Money Lending Teams have helped over 22,000 victims and written off £40.3million worth of illegal debts.
They have also made 266 prosecutions for illegal money lending related activities across the country; racking up more than 171 years worth of sentences.
The National Trading Standards Board (NTSB) is responsible for providing leadership influences, support and resources to help combat consumer and business detriment locally, regionally and nationally.
While, the Stop Loan Sharks Project use their specialist officers to investigate and prosecute those involved with illegal money lending related activities in England, Scotland and Wales.
And also provide support for victims and raise awareness of the dangers of borrowing from illegal money lenders.
To report a loan shark call the 24/7 confidential hotline on 03005 552222 or email firstname.lastname@example.org.
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