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Catching, avoiding and reporting loan sharks
They may not have fins or killer jaws, but loan sharks – or illegal moneylenders – are every bit as dangerous and predatory as their name suggests. Norfolk and Suffolk Trading Standards have launched the biggest crackdown on loan sharks that the regions have ever seen. A specialist Illegal Money Lending Team is helping us hunt them down.
More people are facing debt problems and some are being exploited by loan sharks. More than 1,500 families are affected in Norfolk every year. Victims are not only charged astronomical rates of interest, but very often face violence, intimidation or blackmail if they fall behind with their payments.
Find out more
There is help!
If you or someone you know is a victim of a loan shark operating in Norfolk or Suffolk, contact Trading Standards in strictest confidence
on: 0300 555 2222
Text: ‘loan (space) shark (space) + your message’ to 60003
Email:
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