Around 310,000 people use a loan shark each year. A loan shark is someone who lends money without the correct permission from the Financial Conduct Authority. Loan sharks may initially appear friendly but they will often use violence and intimidation to ensure they get their money, causing borrowers endless misery.

National Stop Loan Shark Week aims to ensure that everyone knows what a loan shark is and more importantly how to report one. 

 

Did you find this information useful?

Website Feedback