Screwed

Nice to read that a team targeting illegal money lenders in Wales has relieved people of £900, 000 in debt.

The IMLU has identified 1700 people since it was set up, and prosecuted at least 32 people.

Tho' not in the least accurate, that's at least £170 person loaned to those that can least afford to pay back. Or looking at the arrest record, £28,125 per lender. Well, hang on, where's the connection between £170 and £28 grand?

Easy. The outrages and extortionate and incredible interest rates that leave the victims permanently in debt. Borrow £170 and owe thousands - yep, entirely possible.

It's the tip of an iceburg. It's certainly a great deal more, and counting the suppliers of illegal cigarettes, booze, blow, skunk, and other substances that people get and have to 'pay back later with interest' Invariably, they target those on low incomes.

But don't be fooled that it's people with addictions or on benefits. I've battled 'lenders' who have pulled in people in mortgage arrears, catalogue and 'club' debts, so-called health clubs - including part owned council facilities. If you want to use a leisure centre, with all that fantastic equipment? Check your contract. You may be hit with a hefty bill if you don't go for a couple of weeks, and have to pay for the whole year.

Catchya