I borrowed money off someone. I know them vaguely but they said they could do me a favour if I paid it back in a couple of weeks with a little extra on top. I’m not sure now. Have I done the wrong thing?

By Dan Fineman

18th June 2021Dan Fineman

It sounds like this person is a loan shark – or in other words an unlicensed money lender.

Before things get worse you need to contact the Illegal Money Lending team on 0300 555 2222 or email reportaloanshark@stoploansharks.gov.uk

They also have an online webchat here: stoploansharks.co.uk If you live in Wales, Scotland or NI, the contact details can be found here.