Loan sharks are reportedly taking advantage of the rising cost of living to target families on low incomes.
Halton Borough, including Widnes and Runcorn, is reportedly seeing a rise in unlicensed moneylenders charging unattainable interest rates. As reports of illegal traders making unsolicited door knocks increase, people living in Halton have been urged to stop them in their tracks.
Councillor Marie Wright, chair of Halton Council’s health and wellbeing board, told CheshireLive that loan sharks have long been an issue in the borough. However, as the financial crisis worsens, there are increased concerns about the safety of residents.
