Loan sharks are illegal moneylenders who often charge very high interest rates. They often target low income, desperate or vulnerable people, and often resort to blackmail, bullying and violence to enforce repayment.
If you have any doubts, do seek advice from us or the Government’s Loan Shark Project.
Get in touch for money advice tailored to your needs and financial position by calling 0330 100 0272 and asking for our Financial Inclusion team. You can also use our Contact us form to send a message to the team.