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Loan shark victim: 'My £200 debt spiralled to £6,000'

24 February 2014 Last updated at 11:07 GMT

From March, schoolchildren in England are to be taught how to manage their money, with classes aimed at stopping them becoming victims of illegal money lenders.

"Tracey" told BBC Breakfast how she was intimidated by a loan shark - and how her £200 debt spiralled to more than £6,000.

Tony Quigley leads England's Illegal Money Lending Team which investigates loan sharks and raises awareness - he said the lessons were being funded by illegal lenders' "ill-gotten gains".

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