Steps To Turn In An Illegal Loan Shark
So many innocent people are being victimized by illegal loan sharks (and unethical payday lenders), that more webmasters in the financial world should help bring more awareness to the issue. This is one of the primary reasons that we have decided to create this post today. If only one or two people read it, then that’s 1 or 2 people that we have saved. That matters to us. If you feel that you or someone you know is being threatened (or has been threatened) by loan sharks, then please follow these steps to report them to authorities.
If you live in the USA
Contact your local authorities.
This includes your local sheriff’s office as well as the FTC. Find safety from the illegal lender that is trying to cause you harm and get in touch with police asap.
If you live in the UK
Loan sharks run rampant in the United Kingdom. If you are a victim, or someone you know is, please contact local police. Then you should contact the OFT as soon as possible, as they have special task forces to deal with these types of lenders.
No matter what, be safe. Never borrow money from these types of lenders…no matter how sweet the deal sounds.