Scots' debt problems – loan sharks
06/01/2011The Scottish government is warning people who face debt problems north of the border not to be tempted by the approach of a loan shark.
Housing and Communities minister Alex Neil, condemned loan sharks this week for their habits of preying on the poorest individuals in Scotland, by offering loans to be paid back at monumental interest rates.
New research by the authorities shows around 85,000 of people with debt problems get loans from more than 150 separate illegal money lenders across the country.
Alex Neil says: "Loan sharks are a blight on civilised society bringing misery to vulnerable people experiencing severe financial hardship." 
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