The site also offers consumers practical advice what to do next if they suspect someone is lending money illegally or where they can get proper help advice.
Think Loan Smart, not Loan Shark
The Loan Smart website draws upon the FCA’s registration data to identify fully authorised consumer credit firms. This will help consumers avoid falling into the clutches of illegal loan sharks, complementing the important work already being undertaken by the Illegal Money Lending Teams.
You can search the Financial Services Register for companies and individuals authorised by the Financial Conduct Authority.
Report a Loan Shark:
If you spot a loan shark or you’ve borrowed money from one you can report them anonymously to the Illegal Money Lending Team
Call the 24-hour service confidential hotline:
0300 555 2222
Text a report to:
Find out about call charges
Private message Stop Loan Sharks on www.facebook.com/stoploansharksproject