Do you need to get money fast and are you so desperate for the cash that you are considering illegal personal loans, like illegal loan sharks?

After reading this article we hope that you reconsider this idea and choose a more reliable and safe option because you do have options no matter how bleak you think your situation is.

Looking for Illegal Personal Loans?

You may have bad debt or may be on a low income, or even on benefits, but there are safe and reliable lenders out there that will help you.

We are here to advise you on your best options and show you certified lenders that will suit your circumstances.

Just some of the disadvantages of illegal personal loans:

  • With loan sharks, there is no set out payment plans. Interest rates also can be up to 25 times more compared to other lenders.
  • Payments will be at the advantage of the lender not based on what you can realistically afford.
  • As the name suggests illegal personal loans are not authorised and so you are in the hands of the shark and are in danger of being taken advantage of.
illegal personal loans road sign

Olivia, from Sheffield, wished she had known about all this before taking out a loan with a loan shark.

Olivia was in a very difficult situation and desperately needed access to money fast, but had extremely poor credit and wasn’t being accepted anywhere.

She was so desperate she went to a loan shark, and has very much regretted it as it has driven her to depression.

The loan shark harassed Olivia on a weekly basis and wanted ridiculous unachievable payments each month and she was in no position to pay this back.

The loan shark made Olivia frightened to leave her home in case she was harassed.

Illegal Personal Loans are NOT an Option

Please learn from Olivia’s experience and avoid illegal personal loans at all cost.

No matter what your situation, whether it is low income, a poor credit rating or in a lot of debt, there are payday companies out there that will help you.

Unlike loan sharks, payday lenders are well certified, so you can guarantee a safe borrowing experience.

If you need money fast forget about illegal personal loans you are better off with a reliable and trusted payday lender.

Just click on the links on this page for peace of mind.

If you have a debt problem and cannot pay your existing credit commitments, then applying for a new loan is not the answer.

If you go for a new loan on top of everything else, it will only be a sort solution and will in fact end you up being in an even worse financial situation.

Debt advice is free and many of the legal debt schemes are free too.

You need to talk with a debt adviser that can review your circumstances and give you advice on the best way forward.

We have a Debt Help Solutions page that you might be interested in reading first.

See also Installment Loans Bad Credit.