Coventry Citizens Advice Bureau
Little Park Street
From 9.30am* Monday to Friday
Watch Out - Loan Sharks About!
People who lend money without being authorised by the Financial Conduct Authority are breaking the law. They are called loan sharks.
Loan sharks often work from home, charge very high interest rates and keep their dealings secret. They take illegal action to collect the money they lend, such as threatening violence or taking away your credit cards or valuables. They have been known to force non-payers into prostitution and drug dealing.
If a loan shark threatens you or acts in a violent way, contact the police straight away. Remember, if you borrow money from someone who isn't FCA authorised, you haven’t broken the law, they have. Find out whether a money lender is authorised by checking the FCA website at www.fca.org.uk .
What to do if you owe money to a loan shark
Report a loan shark to: email@example.com
Telephone 0300 555 2222 92 (24 hr service)
Text LOAN SHARK and the lender’s details to 6003
All enquiries will be treated in the strictest confidence.
Don't let short term debt
lead to long term problems
Introducing advice buddy our new online tool created from our most frequently asked questions and designed to help you find the right advice when you need it.
If advice buddy can't directly solve your query, you can also use it to email your enquiry to the bureau.
If you are looking to obtain advice, or are trying to find out where you can get help, just by visiting this website you have taken the first step in seeking expert, impartial, confidential and free advice.
There are a number of ways one of our trained CAB advisers can help you resolve your problem. Our advisers don't tell you what to do, but we will explain your options and possible outcomes of different courses of action.
Self-help information is available at www.adviceguide.org.uk, which is the public information service of Citizens Advice. It provides CAB information on your rights, including debt, benefits, housing, consumer and legal issues.
You can access the advice services at Coventry CAB in a number of ways.
Click on the link below for more details
Find out if you are likely to be affected by the changes in the housing benefit rules