Loan sharks are illegal moneylenders who often charge very high interest rates. You can check if a company is authorised to lend money by searching the Financial Services Register for companies and individuals authorised by the Financial Conduct Authority (FCA).
If you spot a loan shark or you’ve borrowed money from one you can report them anonymously to the Government’s Illegal Money Lending Team by email, phone or text. Email: firstname.lastname@example.org. Tel: 0300 555 2222 (24-hour service)/
Text: LOAN SHARK and the lender’s details to 60003.
More information at www.gov.uk/report-loan-shark