Loan sharks

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Loan Sharks

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.

 

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What to do if you spot a loan shark

If you fall behind with your rent or other bills, we urge you NOT to turn to an illegal money lender. They are not your friend. Contact out Money Wise team to see if there is anything we can do to help.

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 reportaloanshark@stoploansharks.gov.uk

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Jigsaw Homes Tameside
Cavendish 249,
Cavendish Street
Ashton-under-Lyne
OL6 7AT

Jigsaw Homes Tameside is a company limited by guarantee registered in England and Wales.
Company number 3807022
Regulated by the Regulator of Social Housing Registered No. LH4266
Charity Commission number 1146435