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COUNCIL ESTATE LOAN SHARKS ON FESTIVE PROWL

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Christmas is the time when loan sharks prey most heavily on people on low incomes, particularly on council estates,...
Christmas is the time when loan sharks prey most heavily on people on low incomes, particularly on council estates, BBC Radio Four's Today reported.

The programme reported from Carlisle, where the local authority and others have worked hard to combat loan sharks.

But the moneylenders, who charge up to 500 per cent interest, know when their clients receive their benefit and ensure they get their payment before people pay their council rent and council tax.
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