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The Illegal Money Lending Team

Summary
The Illegal Money Lending Team investigates and prosecutes illegal money lenders while supporting those who have borrowed money from a loan shark.


Description

The Illegal Money Lending Team investigates and prosecutes illegal money lenders while supporting those who have borrowed money from a loan shark.

Each team is comprised of specialist investigators and Liaise Officers who have previously worked for the police, trading standards, and debt advice services. Together the investigators and Liaise Officers work to prosecute illegal money lenders while supporting people who owe money to a loan shark.

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?

Report a loan shark in complete confidence

We have a 100% safe online reporting form that you can use to report illegal money lenders to Stop Loan Sharks.

Our team are also available 24/7 on the phone for anonymous information taken in the strictest of confidence.

Check to see if your lender is legal

You can search the Financial Conduct Authority database for all legal money lenders in the UK (there's a link on our website).

Or call us on 0300 555 2222 and we can tell you if your lender is legal or illegal.

What happens after you report online?

After you complete our reporting form a member of our team will contact you at a time to suit you. They will confidentially talk to you about the loan shark.

They will also explain what happens next and help you get the financial, housing, or debt support that you might need.


Who to contact

Contact Name
24 hour helpline
Telephone
0300 555 2222
Website
Stop Loan Sharks website

Last Updated
16/02/2021
Keywords
debt, loan shark, money lender, threat, high interest
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