A new report from the Centre for Social Justice says that money borrowed from an illegal lender is arguably the most dangerous category of hidden debt; and yet there remain large gaps in the collective understanding of this notoriously elusive crime.  The report is said to be the culmination of the first major study of illegal money lending in a decade.   It says that illegal lending exists in many forms, from small-scale lenders who pester their victims into repayment to violent predators and organised crime groups.  Some lenders even attempt to add a thin veil of legitimacy to their illegal lending by advertising themselves as a company, drawing up fake contracts, and independently lending to vulnerable clients while working for a separate, legitimate company. 



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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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