The loan sharks profiting from the pain of soaring prices

A new report commissioned by Fair4All Finance, a government-backed body that works on financial inclusion, looks at the lived experience of illegal moneylending in the UK. Researchers from fraud prevention firm We Fight Fraud and Lancaster University heard from 287 people across London, Preston, Port Talbot and Glasgow who had engaged with loan sharks and illegal moneylenders in the last three years, as well as eight illegal moneylenders.