Illegal Money Lending Team - COVID-19, Important update
The England Illegal Money Lending Team (IMLT) recognise that this period may be one of increased financial pressure for some people. The Team is fully committed to ensuring that illegal money lenders (loan sharks) do not take advantage and profit from other people’s hardship. The Stop Loan Sharks helpline service (0300 555 2222) remains open and fully operational during the COVID-19 pandemic. We encourage not only victims but friends, family members and the wider community to come forward if they suspect someone is suffering at the hands of a loan shark.
England Illegal Money Lending Team investigate loan sharks within England.
What is a loan shark?
A loan shark is someone who lends money without the permission required by the Financial Conduct Authority to individuals or companies whom they believe are “fit and proper.” Victims are not only charged astronomical rates of interest, but very often face violence, intimidation or blackmail if they fall behind with their payments.
Who to contact
This information has been collected from third party providers therefore the Slough Family Information Service website and Slough Borough Council cannot accept responsibility for the accuracy of this information and recommends that parents, carers, young people, residents and professionals check with providers regarding DBS (Disclosure & Barring Service) and OFSTED registrations and CQC registrations