Loan sharks

Loan sharks operate by offering illegal loans at extremely high rates of interest, which can prove impossible to repay. They often use threats and violence against those who fall behind with their payments, forcing many victims into crime.

Loan sharks prey on people at their most vulnerable. Borrowing from a loan shark can seem like an easy option, but often, it will lead to a spiral of debt. 

Knowsley Council is working with the North West Illegal Money Lending Team to tackle loan sharks. Visit their website to learn more or report an illegal lender anonymously.  The ‘hide page’ function at the top right of the site will replace the page with Google if needed.

The team supports victims and witnesses, including access to legal support, and affordable credit and debt advisors.

You can also call, text or email to report a loan shark anonymously and in confidence:

Text message advice

You can use our text service for more advice by texting 'loan [space] sharks [space] your message to 60003.

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