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In today’s society there are millions of people who have in one way or another got themselves into financial trouble. It becomes impossible to concentrate on everyday life because of worry  and uncertainty due to the debt they have hanging over their head.


It is estimated the millions of people apply for loans from banks, only to find themselves turned down. At their wits end they turn to loan sharks. It is estimated that more than 6 million people turn to loan sharks for finances.

What is a loan shark?

A loan shark is an unlicensed money lender, they are not regulated by the Office of fair trading and DO NOT follow the codes of practise implemented by OFT. 

Licensed institutions follow these codes of practise and you are legally protected from being taken for a ride, just like you would be if if you contact loan sharks.

Door to door loan sharks no questions asked will be able to offer a loan on very bad terms; you will have to pay an extortionate rate of interest. Beware! If you fall behind on loan payments the loan shark may harass you for Loan sharkspayments, the loan shark will also pressure you into borrowing more money to pay off the existing debt which will in turn put you into a worse situation. There is help if you feel under pressure from loan sharks. You are not alone; you are not under any legal obligation to pay the debt back to the loan sharks. Contact your local Trading Standards Office and they will help you with the problem.

If you are being harassed by the loan shark be aware they are breaking the law. Get help straight away!

There is always a solution to you problem and there are many institutions who can help you.