A loan shark is an illegal money lender who lends money without permission from the Financial Conduct Authority.
We're working with England's Stop Loan Sharks to protect residents from turning to illegal money lenders through our affordable credit project. So far our team has helped more than 2,000 residents sign up to save or borrow from their local credit union.
If you, a colleague or a client are involved with an illegal money lender, you can get confidential help and advice by contacting our Affordable Credit Project email affordable.credit@derbyshire.gov.uk. The team will discuss the different options available to you, including reporting to the Stop Loan Sharks team.
Find out more about safe ways to save and borrow.
Stop Loan Sharks webinar
We're also running a webinar on 11 June 2025 to find out more about illegal money lending and safe alternatives to illegal and high cost lending.
Find out more and register