Loan Sharks

 

A Loan Shark is someone who lends money without the appropriate licence issued by the Office of Fair Trading.

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'.

If you have any information, however small, on loan shark activities you can get help and advice from the Regional Illegal Money Lending Team.

Have you or anyone you know:

  • Been offered a cash loan without paperwork?
  • Been threatened when you couldn't pay?
  • Had your benefit or bank card taken from you as a security?
  • Had a loan which keeps growing even though you are making payments?

If you can answer yes to any of the above then you may have been bitten by a loan shark. If you, or anyone you know, is experiencing any of the above or has any knowledge of loan shark activities then contact the Illegal Money Lending Team in confidence

Web: www.direct.gov.uk/stoploansharks

Telephone 0300 555 2222
(local call rate, including inclusive minutes from mobiles)

Or e-mail reportaloanshark@stoploansharks.gov.uk

Text loan (space) shark (space) + your message to 60003.

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