PSNI Predatory Lending Team arrest two on suspicion of illegal money lending

Officers from the Police Service of Northern Ireland (PSNI) have arrested two people in Lisburn on suspicion of illegal money lending and associated criminality, as part of an ongoing investigation by its Predatory Lending Team.

The arrests were made on Thursday, 19 February.

A 59-year-old woman and a 36-year-old man were detained during the operation, and a significant amount of cash was seized.

Both suspects have since been released on bail pending further enquiries.

Cash seized during Lisburn operation

Detective Inspector Cathy O’Hara confirmed the details of the arrests and the seizure.

She said:

“A 59-year-old woman and a 36-year-old man were arrested in Lisburn on suspicion of illegal money lending and associated criminality.

“A significant amount of cash was also seized.

“Both suspects have since been released on bail pending further enquiries.”

The PSNI has not disclosed further details about the circumstances of the investigation at this stage.

Warning over exploitation of vulnerable communities

Detective Inspector O’Hara warned that illegal lenders often target those in financial difficulty.

She continued:

“Illegal money lenders exploit vulnerable people in Northern Ireland’s most marginalised communities. It is completely false to claim that they are providing a community service.  If you have borrowed money from an illegal lender, you have not committed a crime, and you are under no legal obligation to repay the loan.

“If you need confidential advice, or you have information which could help our investigations, please contact us on 028 9070 0563 or email predatorylending@psni.police.uk

“Alternatively you can report anonymously to Crimestoppers on 0800 555 111 or online at www.crimestoppers.uk.org”

Police emphasised that individuals who may have taken out loans from illegal lenders are not themselves committing an offence and are encouraged to seek support.

Officers say information from the public can play a key role in tackling predatory lending and protecting communities across Northern Ireland.

Enquiries remain ongoing.