1. Stop Loan Sharks Initiative Cath Wohlers Senior Financial Inclusion Partnership Officer

2. Context What is an Illegal Money Lender? What is an Illegal Money Lender? The nature of Illegal Money Lending The nature of Illegal Money Lending The extent of Illegal Money Lending The extent of Illegal Money Lending How did the Stop Loan Sharks initiative come about? How did the Stop Loan Sharks initiative come about? The reality of Illegal Money Lending The reality of Illegal Money Lending

3. Case Studies - Enforcement Bruno the barber – intelligence from Sheffield Homes Bruno the barber – intelligence from Sheffield Homes Paul Nicholson – homelessness and void properties Paul Nicholson – homelessness and void properties The Walkers – community detriment The Walkers – community detriment Operation Breeze – rent arrears Operation Breeze – rent arrears

4. “ARNIE’S” AREA One area on “Arnie’s” round One area on “Arnie’s” round

5. Case Studies - Victims Rehousing and confidence building– Miss I Rehousing and confidence building– Miss I Mortgage Arrears – Mr P Mortgage Arrears – Mr P Debt issues – Miss H Debt issues – Miss H Gosport event Gosport event

6. Key Statistics (1) Seized and confiscated £ 300,000 cash Seized and confiscated £ 300,000 cash We have written off over £ 8 Million of illegal debt. We have written off over £ 8 Million of illegal debt. We have helped over 6000 victims We have helped over 6000 victims We have prosecuted and secured significant custodial sentences - over 41 years for illegal money lending activity and 10 years for associated crime such as possession of firearms. We have prosecuted and secured significant custodial sentences - over 41 years for illegal money lending activity and 10 years for associated crime such as possession of firearms. We have identified over 290 targets. We have identified over 290 targets.

7. Key Statistics (2) 74% victims live in rented accommodation 74% victims live in rented accommodation 20% were self employed 20% were self employed 92% found out about the loan shark through a friend 92% found out about the loan shark through a friend 84% did not have home contents insurance 84% did not have home contents insurance 67% had other debts including 27% with rent/mortgage arrears averaging £2576 67% had other debts including 27% with rent/mortgage arrears averaging £2576

8. How can we help you? Removal of Illegal Lenders Removal of Illegal Lenders Training Training Awareness Raising/Promotion Awareness Raising/Promotion Reduction in arrears/voids/homelessness Reduction in arrears/voids/homelessness

9. What we need! Intelligence Intelligence Support – rehousing Support – rehousing Methods to deliver messages Methods to deliver messages Access to tenants Access to tenants