Signs that you may be in debt to a loan shark:
They don’t provide you with any paperwork or receipts.
You are often threatened and blackmailed regarding the loan or credit repayments.
They try to force you into illegal activity.
They offer loans to anyone, including people under 18 years old.
You cannot find any online business information (e.g., reviews or websites).
Their repayments often cost at least twice the original amount, with excessively high charges and interest.
If you know someone who you believe is lending money illegally you can speak in confidence to an Illegal Money Lending Team operator on 0300 555 2222. It is not illegal for you to have borrowed money from a loan shark. The 24-hour service will offer you support and ensure that you are safe.Report a Loan Shark