Alert over loan sharks.FAMILIES who want to splash out splash out Noun to spend a lot of money on a treat or luxury: she planned to splash out on a good holiday at Christmas are warned to steer clear of illegal loan sharks Sharks may refer to:
Durham County Durham County has several possible meanings:
Phillip Holman, head of trading standards, said some families feeling the pinch pinch, n a small amount of chewing tobacco (snuff) an individual takes to use the substance for its desired effect. A “pinch” is called a quid in Britain. will spend less but others will still splash out and pay the bill later. He said: "People should take care when signing up for a store credit card as they often attract higher interest charges than other types of loan. "They should read the small print so they know how much they will pay back. The danger is that when credit is refused by banks, building societies and finance companies people can fall victim to loan sharks. "They lend money illegally, without a credit licence and often with extortionate repayment rates." Coun Bob Young, cabinet member for trading standards, said: "Christmas can be stressful for families on limited budgets but they should try to avoid falling into the grip of loan sharks." Anyone who has information about, or who has fallen victim to loan sharks can anonymously call 0800 0304 210 or send a text message to Net(space)Shark(space) followed by your message and send to 60003. General information about consumer issues is available from Consumer Direct North East on 08454 04 05 06, or visit www.con-sumerdirect.gov.uk/savvy |
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