Nottinghamshire County Council and Stop Loan Sharks England warn about loan sharks taking advantage during cost-of-living crisis this Christmas

Authorities are warning about the dangers of loan sharks this Christmas.

As families make difficult decisions and take extra steps to celebrate Christmas amid the cost-of-living crisis, Nottinghamshire County Council have warned the public to say no to loan sharks.

They said: "Christmas is a time to celebrate with family and friends but there are some unwelcome guests who follow the festive season — predatory loan sharks.

"Borrowing from loan sharks can quickly lead to a spiral of debt that's difficult to break free from. "

The council shared helpful information from Stop Loan Sharks England, who have put together advice on their website on how to spot a loan shark as well as protecting loved ones.

If you can answer yes to one or more of these questions you might be borrowing from a loan shark:

• Did they offer you a cash loan?
• Did they not give you paperwork?
• Did they add huge amounts of interest or APR to your loan?
• Have they threatened you?
• Are you scared of people finding out?
• Have they taken your bank card, benefit card, passport, watch or other valuables from you?

Further information about what support is available for those struggling with the cost-of-living crisis can be found on the county council website.

Anyone worried that a friend or family member is being taken advantage of by a loan shark can contact Stop Loan Sharks on 0300 555 2222 for support.