Let’s Talk Money – let’s talk borrowing
Are you thinking of borrowing money? Borrow responsibly to make sure you don’t get bitten by a loan shark.
A loan shark is an unlicensed lender who will usually charge extortionate interest rates, won’t issue paperwork and will take your valuables (for example credit cards, driving licences) as ‘valuables. They can also be violent and intimidating to make you pay back the money.
The Money Advice Service have lots of information on loan sharks including how to spot a loan shark, why they are bad, alternatives to loan sharks and checking that the lender is legitimate.
If you’re thinking about borrowing money – borrow responsibly.
The Money Advice Service have lots of information to help – check it out here: https://www.moneyadviceservice.org.uk/en/categories/debt-and-borrowing
If you are struggling and are in need of some debt advice – our team can help. Contact us today on 0800 085 7843.