If you have an emergency which mean you need cash in a hurry, you might be tempted to get a loan from anyone that will give you money.
The person offering you quick cash could be a loan shark.
They often seem friendly and helpful, and could be a neighbour, rogue landlord, work colleague or from a community group. Loan sharks often target vulnerable people.
Stop Loan Sharks Wales is operated by the Wales Illegal Money Lending Unit. They investigate and prosecute loan sharks in Wales. They have specialist officers trained to support you and have investigators to look into cases.
The person who has borrowed money is not the criminal- the loan shark is.
For more information or to report a Loan Shark, visit Stop Loan Shark Wales.
If you need money in a hurry, the Money Advice Team can check if you are eligible for various grants, as well as benefit advances and loans.
