THE dangers of loan sharks will be made apparent to shoppers in Hereford on Wednesday.

The England Illegal Money Lending Team (IMLT), Money Box Credit Union (MBCU) and Newton Farm Community Association (NFCA) are joining forces to warn about the dangers in the run up to Christmas.

Residents will be able to join the local Credit Union and find out about its savings and loans products.

The IMLT have allocated Proceeds of Crime Act (POCA) money taken from convicted loan sharks to encourage residents to open accounts.

On the day, a voucher will be made available and the first ten people opening new accounts will get £10 added to their savings.

The event will take place between 10am and 4pm outside WH Smith’s in High Town, Hereford.

Tony Quigley, head of the England Illegal Money Lending Team, said: “Through this scheme the extorted cash is being put to excellent use – helping people to save so they aren’t tempted to use a loan shark.

"Illegal money lenders are a scourge on society and cause harm and misery to their victims, but we are continuing to tackle them in Hereford and across the country."

Victims of illegal money lenders can seek help by calling 0300 555 2222.

For updates on the campaign visit or follow the IMLT on twitter: @loansharknews