Stop Loan Sharks: Lessons in safer lending and borrowing

Produced by Illegal Money Lending Team, Trading Standards

Minimum Age: 11
Maximum Age: 19

A resource centred on the activities of people who lend money illegally, applying a wider framework of personal finance education dealing with the general topics of staying safe, credit and debt and budgeting.

For secondary schools, the resource includes lessons about safer lending and borrowing that reflect key financial inclusion objectives around when and how to borrow, values around money, saving and what can go wrong if you don’t make the right choice. There are lessons too on credit, shopping around to get the best credit deal and the dangers of borrowing from loan sharks.

The resource provides pupils with advice on the dangers of borrowing money and the DVD, containing interviews with victims of loan sharks illustrates the consequences of using illegal money-lenders.