Illegal Lenders

It is difficult to identify whether there are illegal lenders or not. According to the Illegal Lending Team that prosecutes illegal lenders, here are a few questions that may help you to identify illegal lenders or loan sharks: 

- Did they offer you a quick loan? 

- Did they appear to be a friend at first, but now you’re not so sure? 

- Did they say there was no need for paperwork? 

- Did they add extra charges or huge amounts of interest to your loan? 

- Have they threatened you? 

- Are you scared of people finding out? 

- Have they taken your bank card, passport, watch or other valuables from you? 

If this is the case, you should contact the Stop Loan Sharks for advice and support. You can contact them on   is 0300 555 2222 or WhatsApp: 07700 102773. 

Get help

If you need advice about your situation, we can help for free.

• Email: info@youthlegal.org.uk
• Phone: 020 3195 1906 (Mon to Fri, 10am to 6pm)
• Contact form: youthlegal.org.uk/contact-us

All our advice is free and confidential.