The England Illegal Money Lending Team (IMLT) have launched a new smartphone app to make it quicker and easier for people to report loan sharks and access support services.
The Stop Loan Sharks app, which launched yesterday, includes a contact form and phone number to report loan sharks, as well as information to help victims of illegal money lending to get support. It also offers users advice on the tell-tale signs that someone is a loan shark. These include offering cash loans without any paperwork, charging extortionate interest, use of benefits or bank cards as security, and threatening behaviour or violence to get money.
The Stop Loan Sharks app is free to download on both iOS and Android devices on the App Store and Google Play Store.
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