Trading standards advice for consumers

Loan shark advice

Loan sharks are people who lend money without appropriate credit licences. They rarely, if ever, provide any paperwork, and if payments are missed they often use other means such as violence to get the money from their clients.

You may have been bitten by a loan shark if:

  • your bank card has been taken from you as a security
  • you've been threatened when you couldnā€™t make payment
  • what you owe keeps going up despite your payments
  • you've have been offered a cash loan

The Illegal Money Lending team

We, in partnership with the national government-funded service operated by the Birmingham City Council, offers help against loan sharks via the Illegal Money Lending (IML) team.

The IML team can help if you have any information on loan shark activities.

If you or anyone you know is experiencing any such loan shark activities, please contact the team in confidence at any time.

Stop Loan Sharks

There's also a Facebook page.

0300 555 2222

reportaloanshark@stoploansharks.gov.uk

Where to go for safe and secure loans

BD Money ā€“ In partnership with Leeds Credit Union

With the pressures of the rising cost of living, we understand that it can be difficult to make ends meet at the moment ā€“ especially when unexpected costs crop up. However, high-cost borrowing can add to your difficulties in the long term. Affordable borrowing options can be a much better alternative.

Barking and Dagenham has partnered with Leeds Credit Union to provide access to a range of low-cost loan products to those who live and work in the borough.

BD Money

Leeds Credit Union

Leeds City Credit Union Limited, Carlton Tower, 34 St Paul's Street, Leeds, LS1 2QB

0113 242 3343

services@leedscitycreditunion.co.uk

Liberty Credit Union

Liberty Credit Union is a community organisation committed to helping its members, and your money is safe and secure.

Liberty Credit Union

1st Floor, Vicarage Fields Shopping Centre, Barking. IG11 8DQ

020 8507 7436

enquiries@libertycu.co.uk