A 'loan shark' is someone who lends money without the appropriate licence.
Loan sharks rarely, if ever, give any paperwork and if 'clients' miss payments, they may resort to intimidation and violence to get their money back.
We're working with the England Illegal Money Lending Team, also known as Stop Loan Sharks, to stop loan sharks. If you have any information on loan shark activities the team can help.
If:
- you've been offered a cash loan
- you've been threatened when you couldn't pay
- your bank card has been taken as a 'security'
- what you owe keeps growing even though you're making payments
Contact the Stop Loan Sharks team in confidence 24 hours a day, 7 days a week on:
- telephone: 0300 555 2222
- email: reportaloanshark@stoploansharks.gov.uk
- live chat is also available on the website stoploansharks.co.uk from 9.00am to 5.00pm Monday to Friday
Also see
Stop Loan Sharks
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