Trading criteria handle complex customer dilemmas and possible unlawful activities

About loan sharks

Reporting a nagging problem to Trading requirements

If you’d like to report an issue to Trading guidelines, you need to contact the people guidance customer solution, who share information reported for them with Trading requirements.

You are told by this information about unlawful lending and how to proceed when you yourself have lent from a loan shark.

What’s a loan shark

A cash loan provider needs to be authorised by the Financial Conduct Authority (FCA) to provide cash legitimately. Cash lenders whom aren’t authorised because of the FCA are breaking what the law states. They have been referred to as loan sharks.

Loan sharks frequently work at home, charge extremely high interest rates plus don’t present paperwork that is much verify the plans they have fashioned with you. Read more