Loan Shark

Loan Shark

A loan shark is anyone unauthorised to lend money as legally permitted by the UK’s FCA. Loan sharks typically target the vulnerable and charge very high rates of interestwith limited or no paperwork. Loan sharks often resort to illegal action to recoup monies loaned- includingviolence, threats of violence, and/or illegal removal of property.

logo-animationlogo-animationlogo-animation

Related terms