But if you think your problems are bad now, they are sure to be ten times worse if you borrow money from a loan shark.

These predatory characters make themselves rich off the back of other people's misery.

They charge extortionate interest on their illegal loans – and will often resort to any means necessary in order to ensure the debt is paid back.

So it's good to hear that a pilot project that has successfully cleared more than £7.6m worth of debts to loan sharks is to be extended.

The scheme – which has helped 5,600 victims – will operate in Leeds for at least the next three years.

The fact that it has also helped seize a dozen guns from these racketeers shows just what kind of people these individuals are.

Those struggling with money worries should seek help from Government-backed organisations such as the Citizens Advice Bureau. And not get gobbled up by a greedy loan shark.

The bright side

RECESSION is looming – but it's heartening to know Leeds is still in a good position to weather the coming storm.

The city is ranked above Birmingham, Liverpool, Nottingham and Newcastle in terms of what it offers growing businesses and entrepreneurs.

The findings of the UK Competitiveness Index come as a leading business expert says Leeds is in a 'very strong position' to ride out the downturn.

Ian Williams from the Leeds Chamber of Commerce, points out that the city's economy is diverse enough to survive when others start to falter. That, allied with a highly-skilled workforce, is sure to stand us in good stead.

Only time will tell, but in the meantime it is to be hoped that this seal of approval reassures those business leaders who will need to keep their nerve in the months – and possibly years – to come.

We can ill-afford any undue panic to set in... even if a certain Chancellor of the Exchequer isn't exactly helping matters.

Old favourite

FINAL preparations are being made for the opening of the new Leeds City Museum which opens its doors a week tomorrow.

It will house everything from moon rock to tigers and polar bears.

But one of the star attractions is sure to be the famous Leeds Mummy.

The mummified remains are of Nesyamun, a high priest who served at the huge Karnak Temple in Ancient Egypt.

Guess this is one exhibit they won't be taking the wraps off...