VULNERABLE people in Bolton are resorting to loan sharks when even payday lenders turn them away, according to police.

Officers are stepping up their efforts to tackle unauthorised lenders, encouraging concerned people to report "unscrupulous" lenders.

Both police and Bolton Council are keen to stress to people that help is at hand for people who feel they have no one else to turn to.

Det Insp Charlotte Cadden said: "This about the most vulnerable members of the community being targeted by unscrupulous money lenders.

"These people may have issues relating to drugs or alcohol, may be single parents or have been refused loans even from payday lenders charging exorbitant rates of interest.

"The only other option is to then turn to criminals to borrow money.

"This is about making sure people realise that help is out there."

A week of activity is taking place in Bolton, with PCSOs visiting schools and public places, to educate people on the problems of loan sharks and give advice about alternative finance options.

Police have taken guidance from Birmingham City Council, which runs the national team who investigate illegal money lending in England.

Bolton Council is teaming up with Bolton at Home, Hoot credit union and Age UK in launching The Shop in the Square where Millets used to be.

The shop will offer white goods available at affordable repayment rates.

A council spokesman said: "As well as offering affordable loans to residents on goods, Hoot Credit Union will also have its own section of the unit for its banking services.

"Anyone with a Hoot account will be able to drop into the unit to make deposits, withdrawals or access their savings or current accounts.

"Age UK will also have a base in the retail unit, where residents will be able to access information and advice on housing, pensions, will-making and legal issues.

"They will also be able to purchase insurance for the over 50’s, including travel insurance, house insurance and other insurance policies."

The Shop in the Square is to open in the coming weeks, with a date yet to be confirmed.

Birmingham City Council defines a loan shark as someone who lends money without the correct permissions.

These permissions are granted by the Financial Conduct Authority. Loan Sharks rarely, if ever, give any paperwork and if payments are missed they often use intimidation and violence to get money from their 'clients'.

To report a loan shark call 0300 555 2222.