Don't swim
with sharks
- Free to join
- Payments through payroll
- No early repayment penalties
- No arrangement fees
Partnered with
Specialist advice and support is available at: www.stoploansharks.co.uk
Live chat is available 9am-5pm, Mon-Fri
Call 0300 555 2222 at any time of the day or night
The West Midlands Police and Crime Commissioner are working with Citysave and the organisation Stop Loan Sharks to help raise awareness around illegal money lending through early intervention, prevention and support for victims.
Am I eligible?
“A report published by the Centre for Social Justice estimates that 1.08 million people could be borrowing money from an illegal lender, often known as a ‘loan shark’.”
Might I get in trouble for borrowing from a loan shark?
You are not in trouble if you have borrowed cash or have been paying back a loan from an illegal money lender, the loan shark is. They are the people committing a crime, not you.
How do I know if I’ve borrowed from a loan shark?
A loan shark might:
- Offer little or no paperwork on a loan, such as a credit agreement or record of payments
- Refuse to give borrowers information, such as the interest rate or how much you owe
- Take items as security, such as passports, bank cards and driving licences
- Increase the debt or add additional charges at any time
- Refuse to allow you to settle your debt
- Get nasty – they might use intimidation, threats or violence to enforce repayment
Visit the FCA Website to confirm a lenders information at: www.fca.org.uk