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What can I do if I owe money to a loan shark?

If someone you have borrowed money from is putting lots of pressure on you to pay, consider whether that person is operating legally. Lending money to make a profit is a business activity and people who do it legally must have a consumer credit licence. Unlicensed lenders known as ‘loan sharks’ often use threats, violence or intimidation to make people pay. If this is happening to you, you can get help and support by reporting it. Contact the Illegal Money Lending Team or visit the Illegal Money Lending Team website.

 

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