Man tells of 5-year loan shark abuse

Sunday Mirror - - FRONT PAGE -

A CAR dealer who turned to a loan shark to clear gam­bling debts has told how he re­paid £60,000 on his orig­i­nal £1,500 loan.

The man, 53, said he was ap­proached by the lender af­ter los­ing cash on fixe­dodds bet­ting ter­mi­nals.

He said: “He was very sym­pa­thetic but it soon be­came ob­vi­ous that all he was re­ally fo­cused on was mak­ing money from me.”

His story was pub­li­cised by the Eng­land Il­le­gal Money Lend­ing Team, which es­ti­mates 310,000 peo­ple are in debt to loan sharks in the UK.

Af­ter five years the clas­sic car dealer, from West York­shire, told po­lice, who pur­sued the lender.

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