Who We''re - England Unlawful Money Lending Group The England Unlawful Money Lending Team (IMLT) was arrange in 2004. Initially created as a pilot scheme in Birmingham to analyze loan sharks it had such an influence on unlawful cash lending it received further government funding.

In the present day the England IMLT investigates and prosecutes illegal cash lenders whereas supporting those who''ve borrowed cash from a mortgage shark. Unlawful Money Lending Groups in Scotland and Wales guarantee the entire UK is working to cease mortgage sharks.

Each team is comprised of specialist investigators and Liaise Officers who''ve previously labored for the police, trading standards, and debt recommendation companies. Collectively the investigators and Liaise Officers work to prosecute unlawful money lenders while supporting individuals who owe money to a loan shark

The England IMLT work as Stop Mortgage Sharks inside native communities, within education, and with accomplice companies including the police. Since 2004, the England IMLT have supported over 30,000 folks and written off over £87 million price of illegal debt.

It is estimated that there are 310,000 folks in debt to unlawful money lenders within the UK. ソフト闇金プレステージ Lending Teams throughout the UK work to boost awareness of what unlawful cash is whereas investigating and prosecuting mortgage sharks.


Unlawful Money Lending Groups and the Financial Conduct Authority
The Unlawful Money Lending Teams in England, Scotland and Wales work alongside the Financial Conduct Authority (FCA) to analyze these working within the buyer credit score market without the suitable authorisation.

In 2016 the government legislated to introduce an business levy to fund the exercise of the groups and to take motion against unlawful lending. The service is governed and overseen by the FCA and HM Treasury.


How We Work With Training and Companion Companies
The England IMLT work closely with schooling suppliers and partner companies such because the police, housing associations, and debt advice companies. Investigating and prosecuting loan sharks is a crucial part of the England IMLT’s work and is combined with consciousness raising of the issues and issues that unlawful money lending causes.

The Cease Loan Sharks group have developed a spread of free schooling sources, free companion tools, and will also ship free in-home training for companion agencies and the police. Discover our website for extra data on these sources or electronic mail [email protected] or name 07500 809339 to learn the way we are able to show you how to.