Don't get bitten
Loan sharks are illegal lenders who will charge a high
rate of interest.
They usually have no paperwork, and might resort to threats or
violence to recover the debt.
Stop loan sharks
If you have any information at all, no matter how vague, on
anyone you think may be operating as a loan shark you should report
it to the Illegal Money lending Team on 0300 555
2222, or text loan shark + your message
So far, a number of loan sharks have been
caught and prosecuted as a result of information received from
their victims and other members of the public. The loan sharks have
received sentences of varying lengths and have been charged with
offences other than illegal money lending including kidnap,
blackmail, assault and rape.
Any loans outstanding to the loan shark are
written off and any victims who require it are offered support by