DOOR TO DOOR LOAN SHARKS NO QUESTIONS
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
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
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 payments, 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.