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October 6, 2023

Help stop young people falling victims to loan sharks

Recent research has shown that a higher proportion of people in the 18 to 24 year old age bracket are at particular risk of being targeted by loan sharks in the current climate. More young people are having financial services or products refused by mainstream banks and many are being forced to borrow from friends and family to make ends meet.

With this in mind, Stop Loan Sharks want to highlight the services offered by credit unions, producing a new grime music video in conjunction with Find Your Credit Union and Nourish Social in the hope that it will appeal to young people and show them that other options that are available. Click the image below to watch the video online.

Service Personnel can also utilise the Joining Forces Credit Unions, supported by the MOD to make saving simple and loans more affordable to the Armed Forces community.