Loan sharks

If you or your business face debt or money problems, don't ever be tempted to use a loan shark. A loan shark is someone who lends money as a business without the necessary Consumer Credit Licence from the Office of Fair Trading.

Loan sharks prey on the most vulnerable, take advantage of the poorest and won't be afraid to use violence. They charge astronomical rates of interest, with penalties and increased charges for late payments.

Please report any information in the strictest of confidence in any of the following ways:

Tel: 0300 555 2222
Text: 'loan (space) shark (space) + your message' to 60003
E-mail: reportaloanshark@stoploansharks.gov.uk

You can also visit www.direct.gov.uk/stoploansharks This link will open in a new window (This link will open in a new window) for more information.

How you can help

Have you, or anyone you know, been offered a cash loan?
Have you been threatened when you couldn't pay?
Has your benefit or bank card been taken from you?
Does what you owe keep growing even though you are making payments?
Do you know the total amount owed, the interest or how to cancel the loan?

If you're an organisation working with vulnerable people:

Has your client borrowed from 'a friend'?
Is the 'friend' lending to others too?
Does your client have paperwork relating to the cash loan?
Have benefit books/bank cards or other securities been taken?
Is your client scared of what will happen if they miss any payments?

For further information please contact Community Safety on 01883 732703 or email community.safety@tandridge.gov.uk

Or write to us at:
Tandridge District Council
8 Station Road East
Oxted RH8 0BT

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