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Transcripts for BBCNEWS Politics Live 20240604 10:41:00

shark to earlier, m, who says he rarely, if ever, uses violence. once you punch someone, or bully them, the threat s no good. it s better to have that fear, that intimidation, all that coercion, pictures outside your house, that type of thing. that is terrifying. erm. ..then, pay. as inflation remains high, business for illegal money lenders isn t likely to slow, but industry figures are keen to highlight there are other options for borrowers, like community lenders and credit unions. if you are in debt, speak to your creditors. have conversations there rather than borrowing more money to get out of it. i see what it does to lives. and itjust isn t worth it. laura jones, bbc news. time for a couple of other stories. the company behind boots the chemist is to close 300 branches throughout the uk over the next year. the us owners said they would shut down stores that were close to each other

Money lendersCommunity lendersIndustry figuresIsn tInvestment have the moneyCore inflationBbc newsCredit unionsItjust isn t worth itLaura jones

Transcripts for BBCNEWS Politics Live 20240604 10:29:45

Transcripts for BBCNEWS Politics Live 20240604 10:29:45
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Transcripts for BBCNEWS Newsnight 20240604 21:50:00

this is a different loan shark to earlier. m, who says he rarely, if ever, uses violence. he claims to run a team of illegal money lenders and says he even lends to pop stars and footballers. once you punch someone or bully someone, the threat is no good. it s better to have that fear, that intimidation and all that coercion. maybe someone will go out and knock on your neighbour s door and their conversation will go like, oh, is he 0k? because he has borrowed some money off me and all of a sudden, i can t get in touch with him. pictures outside your house, that type of thing. showing up at work, showing up outside the house, that is terrifying. then pay. current and former clients the authors of the report spoke to described the impact it had on their lives. from the huge interest rates to the threats and intimidation. 0thers described the struggle to get credit in the first place. industry figures are keen to highlight that other borrowing options are out there, though, such as comm

Money lendersLoan sharkPop starsAll of a suddenJake reportCredit unionsInterest ratesCommunity lendersBorrowing optionsIndustry figures

Transcripts for BBCNEWS Newsnight 20240604 21:51:00

as prices continue to rise, business for illegal money lenders isn t likely to slow. but as cath waller warns, the cost can be very steep. if you are in debt, speak to your creditors, have conversations there, rather than borrowing more money to get out of it. i ve seen what it does to lives and it just isn t worth it. if you are affected by any of the issues mentioned in the report contact: i m joined by sacha romanovitch, from the fair4all finance campaign group. you are the ceo of that. thanks for coming in. terrifying in a way watching that and seeing what loan sharks are capable of. there is this gap in the credit market and they ve come straight into bit. tell me some of the examples of the things they have been doing. it’s of the examples of the things they have been doing. have been doing. it s interesting because that have been doing. it s interesting because that whole have been doing. it s interesting because that whole idea - have been doing. it s interesting because

Money lendersIsn tCath wallerReport contactIsn t worthFair4all finance campaign groupSacha romanovitchLoan sharksCredit market

Licensed Money Lenders vs Loan Sharks: Making Informed Borrowing Choices

Licensed Money Lenders vs Loan Sharks: Making Informed Borrowing Choices
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