About loan sharks
Reporting problem to Trading Standards
If you would like report a challenge to Trading guidelines, you need to contact the people information customer service, who share information reported for them with Trading criteria.
You are told by this information about unlawful lending and what direction to go when you yourself have lent from that loan shark.
What exactly is that loan shark
A money loan provider has got to be authorised because of the Financial Conduct Authority (FCA) to provide money legitimately. Cash lenders who aren’t authorised by the FCA are breaking what the law states. They truly are called loan sharks.
Loan sharks frequently work at home, fee extremely high interest rates plus don't offer you paperwork that is much confirm the arrangements they will have created using you. That loan shark frequently has a lot of customers and lends cash such as company, but their financing is illegal.
Loan sharks usually simply simply take other action that is illegal gather the amount of money they have lent you, such as threatening violence or removing your charge cards or valuables.