Halton Trading Standards warn of dating app loan shark traps

TRADING Standards officers in Halton are urging residents not to fall into loan shark traps on dating apps and websites this Valentine’s Day.
England Illegal Money Lending Team (IMLT) has received reports of loan sharks preying on people looking for love online this time of year.
The criminals are setting up online dating profiles to lure victims into fake romance relationships and quickly trapping them in a dangerous cycle of debt.
One victim was tricked into taking out a loan after telling her new love interest about her financial problems.
She initially borrowed £3,000 but her debt soon spiralled out of control. She contacted the IMLT for help when the loan shark demanded £10,000 and sexual favours to pay off her debt.

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