Victims of 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 in
partnership with the North West Illegal Money Lending Team to
tackle loan sharks.
The team provides support to victims and witnesses including
access to legal support, affordable credit and debt advisors.
Call 0151 282 1122 or 0300 555 2222 24 hours a day
(anonymous).
You can also get more advice on
loansharks by emailing stoploansharks@knowsley.gov.uk.
Text message advice
Use our text service for more advice:
'loan [space] sharks [space] your message' to
6003