Topic
consumer-debt
2 stories related to this topic, newest first.
BBC Newsworld2 days agoDeveloping
England's Illegal Money Lending Team Seizes Weapons and Passports in Raids, Makes 33 Arrests from 597 Reports
Investigators gave the BBC rare access to their operations and evidence store as they pursue loan sharks who have moved online since the Covid pandemic. Victims described spiraling debts, threats and ruined lives after borrowing small sums. The team received 597 reports in the pa…
The Bbcbusiness2 days agoDeveloping
Illegal Money Lenders Use Threats and Documents to Control Borrowers
Investigators seized weapons and identity documents including babies' passports during raids on suspected illegal money lenders. Victims have described threats of violence that led some to attempt suicide and pay back far more than originally borrowed. Officials received 597 repo…