Stop Loan Sharks Wales
Business Profile
Core Value Proposition
Stop Loan Sharks Wales provides support and protection for victims of illegal money lending in Wales.
Target Customer
Individuals who have borrowed money from loan sharks and are suffering as a result, including vulnerable people experiencing financial difficulties.
Key Differentiator
Stop Loan Sharks Wales is uniquely focused on investigating and prosecuting loan sharks in Wales, supported by the UK Government.
Implementation Timeline
Immediate support and protection upon contact; ongoing support throughout the process.
Pain Points
- 1Vulnerability to illegal money lending by loan sharks.
- 2Lack of awareness and support for victims of loan sharks.
- 3Increasing financial debt and exploitation by illegal lenders.
Key Features
- 1Investigation and prosecution of loan sharks.
- 2Support and protection for victims of illegal lending.
- 3Partnerships with local authorities and organizations to raise awareness.
- 4Free training and awareness programs for partner agencies.
- 5Confidential reporting and support services.
Target Customer Industries
Decision Makers
- 1Local government officials
- 2Police officers
- 3Community support workers
- 4Charity workers
Client Results
- 1Over £2,500,000 debt written off.
- 2932 victims directly supported by WIMLU.
- 3347 suspected illegal money lenders identified.
Competitive Advantages
- 1Direct government funding and support.
- 2Specialist team with expertise in illegal lending cases.
- 3Comprehensive support including financial, housing, and legal advice.
Key Benefits
Additional Product Information
Product Description
An agency that investigates, prosecutes loan sharks, and supports victims of illegal money lending in Wales.
Target Market
Individuals in Wales affected by illegal money lending.
Unique Value Proposition
Provides government-backed legal and support services specifically targeting illegal loan sharks in Wales.
Technical Requirements
None noted.
Pricing Model
Funded by the UK Government, services are provided at no cost to victims.
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