Loan sharks sometimes frighten people by saying they’ll be prosecuted and even sent to prison if they don’t pay up. This can’t happen – an unlicensed lender has no legal right to recover the debt.
You can report a loan shark in confidence to an Illegal Money Lending Team.
Source: Direct.Gov
Video
Further help
For help contact:
- Report a loan shark in England: If you need to report a loan shark in confidence, phone 0300 555 2222, text LOAN SHARK and your details to 60003, or
email the Stop Loan Sharks team
Message supplied by: Rich @ Respect Yourself
