Loan sharks and mental health

This information is on how you can get help if you, or someone you know, has borrowed money from a loan shark. It is for adults affected by mental illness in England and their loved ones and carers.

There are concerns that with the current cost of living crisis more people are turning to loan sharks as a last resort.

A loan shark is an illegal money lender. They often charge very high interest rates, so people find it difficult to pay the money back.

You can get help if you, or someone you know, has borrowed money from a loan shark.

You can get advice on our Mental Health and Money Advice website.

Being involved with a loan shark can have a bad effect on your mental health. On our website you can get more information about:

Worried about your mental health? How to get treatment and support
Worried about someone's mental health?

You can access all our advice and information pages on our website.

You can find out what further information is available on the Mental Health and Money Advice website.


© Rethink Mental Illness 2023

Last updated June 2022
Next update August 2024

Version number 1

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