Debt help if you owe money to illegal lenders

Since 2004, more than £73 million of illegal debts have been written off – representing more than 28,000 victims of loan sharks.

Signs that you may have borrowed from a loan shark include:

  • Providing no paperwork or credit agreement
  • A refusal to provide requested information about your loan
  • Removing personal items that are held until you repay the debt (such as your bank card or phone)
  • Adding unreasonable interest that results in you never being able to repay the debt
  • Becoming violent or making threats of violence

You should also be aware that some loan sharks can appear to be a legitimate company.

Worried about debts that won't go away?

Debt help tips for tackling loan shark debt:

If you suspect that you are dealing with a loan shark, you should seek debt help from one of the government’s dedicated departments, as according to where you live.

  • England Illegal Money Lending Team – 0300 555 2222
  • Wales Illegal Money Lending Team – 0300 123 3311
  • Scotland Illegal Money Lending Team – 0141 2876 655
  • Northern Ireland Trading Standards Consumer Line – 0300 123 6262

Ready to seek debt help? Talk with the National Debt Help team on 0800 002 9051.

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