The England Illegal Money Lending Team (IMLT) are promoting the Stop Loan Sharks Campaign messages from today 30 November 2015 and will run until Christmas.
The IMLT lead the campaign with support from partner organisations. The IMLT want to ensure that everyone knows what a loan shark is, and more importantly, how to report one. IMLT works with other organisations to get the message out to those borrowing from loan sharks, especially in the run up to Christmas.
What is a Loan Shark?
A Loan Shark is someone who lends money without the correct permissions. These permissions are granted by the Financial Conduct Authority. Loan Sharks rarely, if ever, give any paperwork and if payments are missed they often use intimidation and violence to get money from their ‘clients’. The Illegal Money Lending Team (IMLT) is here to help. If you have any information, however small, on loan shark activities they can help.
- Have you been offered a cash loan?
- Have you been threatened when you couldn’t pay?
- Has your bank card been taken from you as a security?
- Does what you owe keep growing even though you are making payments?
If you can answer yes to any of the above then you may have been bitten by a loan shark. If you, or anyone you know, is experiencing any of the above or has any knowledge of loan shark activities then contact the Loan Shark Team IN CONFIDENCE.
Contact is available 24 hours a day, seven days a week on:
Telephone: 0300 555 2222
or by text to: loan(space)shark(space) + your message to 60003