Loan SHARK User Manual - State Library of Louisiana 2025

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
If you have been a victim of lending abuse, let others know! Your complaint could save others from being victims, too. Report lending abuse to the Consumer Financial Protection Bureau or your state attorney generals office.
If youre being harassed Any lender, licensed or unlicensed, who harasses you is breaking the law. You should report any loan shark to your local Trading Standards office and to the police if the loan shark threatens you or uses violence.
Send a written communication to the loan shark, clearly stating your request to cease all harassment. Draft a formal letter or email asserting your rights and explicitly requesting an end to the harassment.
Talk to us about a loan shark and get help now If you need to report a loan shark urgently please call our helpline on 0300 555 2222 where someone is always available to talk to you.
If you or someone you care about is the victim of a fraud, scam or financial exploitation, you can report the fraud or scam to the Federal Trade Commission.

People also ask

A loan shark usually has lots of customers and lends money like a business, but their lending is illegal. Loan sharks often take other illegal action to collect the money theyve lent you, such as threatening violence or taking away your credit cards or valuables.
Signs that someone who has offered to lend you money is a loan shark No paperwork paperwork makes something seem more legitimate, and loan sharks avoid. Cash loans or bank transfers although more loan sharks are now using bank transfers, they usually prefer to deal with cash.

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