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The Police
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Watch out for loan sharks


The lead up to Christmas can be a very expensive time and knowing where to go to get the right help can be tricky too. We want you to know the red flags of loan sharks, so you can protect yourself. Loan sharks can pose as your friend and draw you in with a loan, no questions asked. Loan sharks often don’t provide any paperwork or receipts and will add huge amounts of interest on what you owe. Loan sharks can become aggressive and threaten you and your family if payments are missed or late. Loan sharks can take valuables or personal documents as security.

 

Red Flags:

  • Being offered a cash loan without any paperwork
  • Being threatened when you couldn't pay
  • Having your benefit or bank card taken from you
  • Having a loan which keeps growing even though you are making payments
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    If you recognise any of these signs there are people to help, @StopLoanSharksEngland are here to provide help and support for anyone involved with a loan shark. Contact them today on 0300 555 2222 or visit www.stoploansharks.co.uk


     

     


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    Message Sent By
    Ivan Collumbell
    (West Mercia Police, PCSO, Wellington and Newport Rural)

    Neighbourhood Alert Cyber Essentials