How to spot a LoanShark

The England Illegal Money Lending Team (IMLT) recognise that this period may be one of high financial pressure for many people, and is fully committed to ensuring that illegal money lenders (loan sharks) do not take advantage and profit from other people’s hardship.

The Stop Loan Sharks helpline service (0300 555 2222) remains open and fully operational during the COVID-19 pandemic. We encourage not only victims but also friends, family members and the wider community to come forward if they suspect someone is suffering at the hands of loan sharks. A victim of a loan shark should contact the team for help. Visit the website here for more info and support

Anyone who is feeling harassed or threatened by an illegal money lender can find out more about the different ways the team can help here.

Loan sharks are not your friends – these criminals are highly manipulative and want you under their control. Find out how to get help if you or someone you know is a victim of illegal money lending here.

You can check if a company is authorised to lend money at www.loansmart.org.uk

These links may also be useful:

Citizens Advice: Coronavirus and what it means for you

Money Advice: Coronavirus and what it means for you

Stepchange – Coronavirus and your finances

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