In April 2018 the IMLT
received a report that Guest had been providing illegal loans in the guise of an authorised doorstep loan company to make his business look legitimate.
uses specialist investigators who've often worked for the police, trading standards and debt advice services to prosecute loan sharks and support people who owe a lot of money.
Officers from IMLT
are currently questioning the suspects in custody.
In one appalling case, IMLT
found that a man who borrowed PS250 from a loan shark ended up paying back PS90,000 over 19 years.
team work tirelessly to build cases against doorstep lenders who prey on vulnerable communities around the country.
The suspect was taken into custody and was due to be questioned by officers from the IMLT
"If you or someone you know has been the victim of a loan shark, we urge you to get in touch with IMLT
on 0300 555 2222.
City of Wolverhampton Council said the latest arrest was part of an operation that's led the England Illegal Money Lending Team (IMLT
England Illegal Money Lending Team (IMLT
) working in partnership with Durham County Council carried out an investigation, and on January 29 last year carried out warrants at a number of addresses.
, the agency that tackles loan sharks, thinks its actions have prevented a further 25 people killing themselves.
Speaking after yesterday's proceeds of crime hearing, Tony Quigley, head of the England Illegal Money Lending Team (IMLT
), said: "Loan sharks like Daord may appear to be offering a community service but are in fact exploiting their borrowers.