loan sharks

Loan sharks profiting from financial exclusion

23rd May 2024 Consumer Lending | #loan sharks

UK banks could help stop loan shark growth by learning from US ‘small dollar loans’ products according to a new research by Fair4All Finance. The report says there is an urgent need for the mainstream financial sector to help address the credit vacuum for those on lower incomes, with loan sharks profiting from this financial…

Three million people have borrowed from loan sharks in last three years

29th June 2023 Alternative Consumer Lending | #loan sharks

New research from Ipsos and Fair4AllFinance shows that 3 million people have borrowed money from an illegal ‘loan shark’ lender over the past three years, as high-street lenders turn people worrying about rising bills and mortgage rates away while the cost of living bites. Results from a new online survey amongst a representative quota sample…

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loan sharks

Loan sharks profiting from financial exclusion

Three million people have borrowed from loan sharks in last three years

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