Two people have been arrested after a crack down on loan sharks in the town.
The women, aged 44 and 46, were arrested on suspicion of illegal money lending and money laundering at two addresses in the town after a multi-agency investigation.
The England Illegal Money Lending Team, which has specialist officers who investigate illegal money lending, working with Cheshire East Council’s Trading Standards and Cheshire Constabulary to execute search warrants at two Macclesfield addresses where they seized diaries, phones, laptops and storage devices.
Coun Paul Bates, cabinet member for communities and health at Cheshire East Council, said: “Illegal money lending can result in very distressing circumstances for those people who become victims of so-called loan sharks. It is a despicable practice that must be investigated and prosecuted where there is sufficient evidence to do so.
“I want to take this opportunity to thank our community protection trading standards team, Cheshire Police and the England Illegal Money Lending team for their pro-active work in this case.
“I urge people in desperate situations to speak to their local Citizen’s Advice Bureau for advice, rather than getting themselves into deep water with a rogue lender.
“Help us bite back against loan sharks by reporting any suspicions in the strictest confidence and action will be taken.”
Nationally Illegal Money Lending Teams have secured more than 347 prosecutions for illegal money lending and related activity, leading to nearly 227 years’ worth of custodial sentences.
They have written off £63.5 million worth of illegal debt and helped over 25,500 people.
Loan sharks lend money at extremely high interest rates.
To report a loan shark call the 24/7 confidential hotline 0300 555 2222, text a report to 078600 22116, email email@example.com or private message on facebook.com/stoploansharksproject.