Organisation: England Illegal Money Lending Team
England Illegal Money Lending Team
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'.
Illegal Money Lending is a notoriously well hidden and under-reported crime. Harassment, Intimidation, Blackmail, Assault and threats are very common. As the debt is illegal it cannot be enforced through the court system – the loan shark needs to get his money back somehow and will often therefore resort to such behaviour, or threats of such behaviour in order to do so.
The Illegal Money Lending Team is here to help. If you have any information, however small, on loan shark activities we 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 our team IN CONFIDENCE
Pathways Covered
Overview
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 is here to help. If you have any information, however small, on loan shark activities we can help.
What we do
- 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 our team IN CONFIDENCE.
How to access
We can be contacted 24 hours a day, seven days a week on:
Telephone: 0300 555 2222
e-mail:reportaloanshark@stoploansharks.gov.uk
or by text to: loan(space)shark(space) + your message to 60003
You can also find out more about our work by visiting www.facebook.com/stoploansharksproject.
Our team is national, so although we are based in Birmingham, we cover and investigate illegal money lenders across the whole of England.
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Illegal Money Lending Team - Council House, Victoria Square, Birmingham, B1 1BB - 0300 555 2222