Loansharks



How to recognise a loan shark

  • Did they offer you a cash loan?
  • Did they not give you paperwork?
  • Did they add huge amounts of interest or APR to your loan?
  • Have they threatened you?
  • Are you scared of people finding out?
  • Have they taken your bank card, benefit card, passport, watch or other valuables from you?

If someone is lending you money they must be registered with the Financial Conduct Authority

Reporting

Report a loan shark in complete confidence to the illegal money lending team. They have a 100% safe online reporting form that you can use to report illegal money lenders.

Report a Loan Shark

Their team are also available 24/7 on 0300 555 2222 for anonymous information taken in the strictest of confidence. Or you can contact Plymouth City Council’s Trading Standards Service on 01752 304147 or email trading.standards@plymouth.gov.uk.

Alternative Credit Providers

City of Plymouth Credit Union
The City of Plymouth Credit Union is an ethical,  not for profit, member-owned financial organisation.
Website: City of Plymouth Credit Union
Tel: 01752 201329
Email: contact@cpcu.co.uk

Fair For You
A not for profit alternative to high cost credit, offering flexible, affordable and ethical loans for household items through our online high-street.
Website: Fair For You
Tel: 0333 433 0739
Email: contactus@fairforyou.co.uk

More information

For more help and information visit the Stop Loan Sharks website.