Could you spot a Loan Shark?3 November 2025 (by admin) |
Could you spot a Loan Shark?
A loan shark may pretend to be your friend at first, offering to lend you money when you are struggling.
But they may charge high interest and then become aggressive if you miss payments.
They can threaten you or your family and try to bully you into taking more loans out, trapping you in a cycle of debt.
If you have borrowed from a loan shark, or know someone who has, contact Stop Loan Sharks for free, confidential advice.
Call the 24/7 helpline 0300 555 2222 or visit stoploansharks.co.uk where there is a Live Chat facility available Monday to Friday 9am to 5pm.
You can also WhatsApp the team on 07860 022116.