Stop Loan Sharks
Borrowing from a loan shark can lead people into long-term financial hardship, with exorbitant interest rates as high as 100,000% and threats that leave borrowers trapped in a cycle of debt for years. If you have borrowed from a loan shark or are worried about someone else, Stop Loan Sharks can help. They investigate and prosecutes illegal money lenders and provides support for borrowers in the UK.
Not Sure What A Loan Shark Is?
If you can answer yes to one or more of these questions you might be borrowing from a loan shark:
- Did they offer you a cash loan?
- Did they not give you paperwork?
- Did they add huge amounts of interest or APR to your loan?
- Have they threatened you?
- Are you scared of people finding out?
- Have they taken your bank card, benefit card, passport, watch or other valuables from you?
For more information and support, you can visit the Stop Loan Sharks website