ONLINE LOAN SHARKS CIRCLE ON SOCIAL MEDIA THIS CHRISTMAS!

“Loan sharks are increasingly using social media platforms, such as Facebook, Instagram and Snapchat, to advertise their illegal loans and target potential victims. They also use social media community groups and local selling pages,” Sarah Smith of Wales Illegal Money Lending Unit (WIMLU).

WIMLU would always recommend that people who need to borrow money should talk to their local Credit Union about safe and ethical financial products and services.

https://creditunionsofwales.co.uk/latest-news/online-loan-sharks-circle-on-social-media-this-christmas/