News
Thursday, 15th August 2024
Darlington Credit Union has been honored with the Stop Loan Shark Partner Recognition Award, an award that underscores our ongoing commitment to protecting the community from the dangers of illegal money lending. The award, presented by the England Illegal Money Lending Team (IMLT), highlights the crucial role DCU plays in safeguarding vulnerable individuals and promoting ethical financial practices.
Jo, CEO of Darlington Credit Union, expressed pride in receiving the award, emphasizing the organisation's dedication to ethical lending and community support. "We are delighted to have been awarded partner recognition from the Stop Loan Sharks team," Jo said. "The closure of many regulated, high cost lending companies has resulted in a gap in the marketplace which loan sharks are only too happy to step into. As an ethical provider, we carefully assess each loan application to ensure that repayments are affordable. Where we can't help with a loan, we strive to help in other ways; through education, budgeting support, and encouraging savings, empowering people to take positive control of their finances."
The Stop Loan Shark Partner Recognition Award is part of a broader initiative to combat illegal money lending across the UK. Loan sharks often prey on individuals facing financial hardship, charging high interest rates and using intimidation tactics to enforce repayment. The IMLT works to crack down on these illegal practices, and partners like DCU are vital in providing safe, legal alternatives.
The recognition from the Stop Loan Sharks team is testament to Darlington Credit Union's commitment to ethical practices and community support. As the financial landscape continues to evolve, Darlington Credit Union remains dedicated to offering safe, affordable lending options and empowering individuals to take control of their financial futures.
For more information on the Stop Loan Shark information visit this page on our website - Stop Loan Shark page
