'Their improved salaries and allowances have not truly reached the desired point where teachers no longer need to look for fund sources, such as loans or lending schemes, which only turn them into victims of loan sharks
,' said Hipolito-Castelo.
A LOAN shark
allegedly attempted to abduct a man from a Bahrain street in broad daylight over an unpaid debt.
deliberately make it too easy to borrow and far too hard to end the relationship.
The spokeswoman also explained how victims were often in rent arrears - choosing to pay loan sharks
before their bills because they were often "terrified".
"Aside from cash, these loan sharks
also offerbeds, cabinets or otheritems which add up to the amount of loan," Duterte added.
Salvosa added Pagcor has consistently reminded and issued memorandums to their operations and licensed properties 'that they should not tolerate the activities of loan sharks
in the casinos.'
A spokeswoman for debt charity Step-Change said: "Loan sharks
are still a really serious persistent problem which affects a small number of people."
Coun John Horner, portfolio holder for community safety at Warwickshire County Council said: "Loan sharks
are a blight on our communities, causing misery to thousands of families.
The aim is to see the illegal earnings these loan sharks
once made used wisely to benefit key areas.
"We would urge anyone with information about loan sharking or victims of loan sharks
to contact the team on 0300 555 2222."
It has helped at least 24,000 loan shark
victims and had PS63million in illegal debts written off.