Loan sharks

Please be wary of loan sharks. These illegal lenders will often appear as a friendly and easy way of borrowing money – however this very quickly changes.

Loan sharks often:

  • Offer you a cash loan but do not give you any paperwork
  • Take your benefit or bank card as security on the loan
  • Do not tell you when you will finish paying
  • Increase the amount you owe, even if you are making regular payments
  • Use threatening language or violence to get money from you

If you think you have borrowed from a loan shark, call the England Illegal Money Lending Team hotline and talk to them in complete confidence. The team can discuss any concerns you may have and will give information and offer advice on your individual situation. They help people to make sense of what is happening and will explain choices you can make to help you take back control from the loan shark.  

If you have borrowed money from a loan shark you have not broken the law – they have. If you are worried about this, call the confidential number below.

Telephone: 0300 555 2222

Text: 07860 022116 with your message

Email: reportaloanshark@stoploansharks.gov.uk

Report a loan shark online at stoploansharks.co.uk