In the run up to Christmas illegal loan sharks may offer tempting cash loans. Anyone lending money should be authorised by the Financial Conduct Authority.
Official lenders have to comply with the law and use proper paperwork and fair collection methods. You are not in trouble if you have borrowed money or have been paying back a loan from a loan shark. They are the people committing a crime, not you.
If you think you have borrowed from a loan shark and want help or advice, please contact the Illegal Money Lending team on 0300 555 2222. You can also make a report online.