Avoid the loan sharks

There’s currently many tempting short term loan options available, as people struggle to cope with the cost of living crisis, but official lenders have to follow the law. Loan sharks are busy at this time of year, offering cash with large interest rates which can take years to repay.

Over one million people are currently using loan sharks to borrow small amounts, that can become large debts in a short space of time.

If you’re concerned about money, instead of going to a loan shark, please speak to our team on 020 7922 5300, and we can help you with budgeting advice and support.

You can find out about how to anonymously report an illegal money lender here.