Stand Up to Loan Sharks

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Stand Up to Loan Sharks

Added: 25 November 2015

The England Illegal Money Lending Team (IMLT) campaign promoting the Stop Loan Sharks message will launch on 30th November 2015.

Around 310,000 people use a loan shark each year.

A loan shark is someone who lends money without the correct permission from the Financial Conduct Authority. Loan sharks may initially appear friendly but they will often use violence and intimidation to ensure they get their money, causing borrowers endless misery.

The IMLT want to ensure that everyone knows what a loan shark is and more importantly how to report one.

The aim is to get the message out to those borrowing from loan sharks, especially in the run up to Christmas:

There is help available.

To report a loan shark call 0300 555 2222 or email [email protected]

Look out for the campaign hashtag is #standuptoloansharks

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