Or text: loan space sharks space your message to 60003. June 21: trading standards officers yesterday called on the government to set up more hit squads to tackle loan sharks nationwide. If you fall behind with payments you may find that loan sharks turn nasty. Backbench mps from all political parties have supported john battle's house of commons motion against loan sharks - including leeds mps harold best and colin challen.

And so, if you can't get a loan from a more respectable source, there must be a good reason for it. A loan shark is an unlicensed moneylender. If you have borrowed money from a loan shark you are under no legal obligation to repay the debt. mortgages poor credit rating Report a loan shark to trading standards opens new window. If you are unclear about the loan and the amount of interest you will pay, ask the lender the appropriate questions.

Related topics: debt , housing , housing market , house , houses , bank , banks , lending , borrowing , mortgages , loan , loans , loan shark , loan sharks , mortgage , consumer debt. This is the road the meadows, the couple that overturned the £384, 000 loan, were forced to go down. When you apply for a loan do you understand the terms apr, aer, ear?

Related topics: debt , housing , housing market , house , houses , bank , banks , lending , borrowing , mortgages , loan , loans , loan shark , loan sharks , mortgage , consumer debt. Action network users interested in issues around loan sharks more about users. If you are the victim of a loan shark, you can get advice and support. To engage people in holding an account, in building up credit, in seeing off the loan sharks. Mcateer says that judges, or the ombudsman when established, will not look at the interest rate but how the loan was sold and terms communicated. Responses to steer clear of loan sharks. Is your loan company ripping you off ?

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