Could you spot a Loan Shark?
Join Our Free Webinars During Talk Money Week 2025
Wave Community Bank is offering a free 30-minute webinar this Talk Money Week to help local residents and employers understand the dangers of loan sharks and how to protect themselves and their community.
Loan sharks are illegal lenders who may appear helpful at first—but their loans come with extortionate interest rates, no paperwork, and serious threats or violence if repayments aren’t met. This webinar, delivered in partnership with the Illegal Money Lending Team (IMLT), provides practical guidance to recognise and respond to illegal money lending.
Could you spot a loan shark Webinar?
Thursday 6th November at 4pm
Discover the signs of loan sharks, understand their impact, and learn how to stay safe.
What the Webinar covers
What the Webinar Covers:
- Participants will learn:
-
What a loan shark is and how they operate
-
How to spot signs that someone may be a victim
-
The impact of illegal lending on individuals, families, and communities
-
How employers can protect staff and their policies from loan sharks
-
Where to get help and report illegal lenders
-
How saving directly from wages with Wave Community Bank can reduce the risk of needing high-risk lenders
Why it Matters
Illegal money lending can affect anyone, particularly during financial pressure. Many victims don’t realise they’re borrowing from an unlicensed lender until it’s too late.
This webinar equips you with practical knowledge to protect yourself, colleagues, and the wider community, while also highlighting safe and ethical financial options available locally.
Other Financial Resources are available
We have created a range of resources to help you talk about money and manage it better.
Opening Hours
Our phones are open Monday to Friday between 9.30am-1.00pm and we continue to monitor our emails between 9.30am to 4.00pm.
Contact Us
Phone: 0300 303 3188
Email: info@wavecb.org.uk
Face-to-face appointments at Hove Town Hall by arrangement only.
Addresses:
East Sussex, Brighton & Hove:
Tisbury Road Offices, Hove Town Hall, Tisbury Road, Hove, BN3 3BQ
Kent, Medway and Bexley:
39-48 Marsham Street, Maidstone, Kent, ME14 1HH
Follow Us
Wave Community Bank serves members in East Sussex, Brighton & Hove, Kent, Medway and the London Borough of Bexley, plus members of Unite in the South East Region. Withdrawals over £5000 will take 5 working days to process
Wave Community Bank is a trading name of East Sussex Credit Union Ltd.Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FCA Firm no 213910
