Loan Shark Initiative in Hull, East Riding, North East Lincolnshire and North Lincolnshire

Catching Loan Sharks

They may not have fins or killer jaws, but loan sharks – or illegal moneylenders – are every bit as dangerous and predatory as their name suggests. 

North Lincolnshire Trading Standards services have launched the biggest crackdown on loan sharks that the area has ever seen.  A specialist Illegal Money Lending Team is helping us hunt them down. 

More people are facing debt problems and some are being exploited by loan sharks. More than 1,500 families are affected in the region every year. Victims are not only charged astronomical rates of interest, but very often face violence, intimidation or blackmail if they fall behind with their payments. 

There is help! 

If you or someone you know is a victim of a loan shark operating in North Lincolnshire contact Trading Standards in strictest confidence on 0300 555 2222 or text ‘loan (space) shark (space) + your message’ to 60003

Loan Sharks - Dispelling the Myths (pdf file)

Loan Sharks - Borrowing on the doorstep article (pdf file)

Loan Shark Initiative Postcard (pdf file)

For information on credit unions and the North Lincolnshire Credit Union please click here