Question

Jon,

I owe someone money and they are pressuring me to pay them and I just don’t have the money. It was a local person lending money in the pub, and I needed the money so I took the loan. Now not being able to keep up with the payments, they have threatened me and my family. I am scare and do not know what to do.

Answer

Hi,

I understand your worries and concerns. It sounds like something I have dealt with before for some people, it sounds like a loan shark. If I am wrong let me know.

Anyone who just lends cash and is not regulated by the FCA/Financial Conduct Authority, is technically a loan shark.

Using the link above abut loan sharks, you can read more about this. It may help.

Regards,

Jon

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