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Liverpool Echo
Liverpool Echo
National
Oliver Clay

Alarm sounded as loan sharks look to exploit cost of living crisis

A warning has been issued over loan sharks looking to prey on people struggling to make ends meet during the cost-of-living crisis.

Halton Credit Union (HCU), based at Runcorn Shopping City, said illegal lenders are becoming more “prevalent” and circling amid straitened finances among the public.

The HCU has now teamed up with Mike Amesbury, Labour MP for Weaver Vale, to discuss the issue and the services available for residents from around Cheshire, and to sound the alarm over the heightened risks of people resorting to loan sharks.

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