The Stop Loan Sharks agency is warning against illegal lenders as families struggle with price rises.
Families struggling to keep up with the rising cost of living are being warned of the dangers of loan sharks.
"Because it left me a bit short I'd borrow again," she said. "And then I just kept borrowing and borrowing, just to keep myself afloat." About £900 of her monthly salary of £1,048 was going straight to the loan shark. Kelly said she frequently thought of suicide, as her family were hanging on by a thread.
Cath Williams from Stop Loan Sharks said that the number of people turning to illegal lenders has increased significantly over the last decade and the cost-of-living crisis is a big worry. If a loan shark turns up at your home, or you are in immediate danger, it is best to contact emergency services.
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