Don’t be caught out
A scam is a scheme designed to con you out of your cash. Don’t drop your guard and become a victim. Scammers are becoming more sophisticated and aim to con us all, learn to recognise the signs and don’t be fooled!
If you discover a scam please tell all your friends and family. If you have been the victim of a scam please telephone Citizens Advice Consumer Service on 08454 040506.
Remember, if it sounds too good to be true it probably is!
Illegal lenders, or loan sharks as they are more commonly known, are not licensed lenders which they must be under the Consumer Credit Act. They charge extortionate rates of interest and often target vulnerable people. Those who don’t pay on time sometimes face intimidation and threats of violence.
Loans obtained outside the Consumer Credit Act, from loan sharks, are unenforceable. You do not have to pay this money back!
The Illegal Money Lending Unit can provide help and guidance to:
- Help you find alternative types of credit or financial support
- Advise you what benefits you can claim
- Assist you with any legitimate companies you have a contract with and help you to manage your debts
- Will always ensure your safety.
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