A loan shark is an illegal unlicensed money lender. They often charge very high interest rates and may not give you any paperwork confirming the arrangements the have made with you. A loan shark may also take illegal action to collect the money they have lent you. They may threaten violence or take away your credit card or other valuables.
If you think you may have borrowed money from an unlicensed money lender, you haven't broken the law, they have. You can speak in confidence to the Illegal Money Lending Hotline on 0300 555 2222 or you can text LOAN SHARK followed by your message to 60003. You can also email the team at email@example.com
Find out more by viewing our poster opposite. We also have Urdu and Bangla translations available.