In times of desperate need, people can often look for help in ways that will allow them a quick solution without thinking about the potential consequences.

If you are unsure how to avoid these type of people look out the following signs:

  • Very limited amount or no paperwork, such as a credit agreement or payment records
  • Refuse to give information, such as the interest rate or how much you owe
  • Take items as security deposits, such as personal items; bank cards and driving licences or household electrical items
  • Increase debt amounts or add additional charges at any time without notice
  • Refuse to allow you to settle your debt early
  • Resort to intimidation, threats or violence

To find out more about how to identify or report a loan shark visit Stop Loan Sharks.

If you have been approached by someone you think is a loan shark, or are in danger with one, you need to contact the police and report them. Don’t allow someone else to become a victim.

Apply now

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(99.9% APR representative)

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99.9% APR representative. Credit will be offered subject to status. Your rate is fixed for the term of your agreement. Applicants are reminded not to commit any funds to expenditure until a loan decision is made.

Places for People Financial Services Limited is authorised and regulated by the Financial Conduct Authority with firm reference number 663756.

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