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What is a “loan shark”?

A bad (and often illegal) lender!

A loan shark is an informal term for a lender who generally charges extremely high interest rates on their products. Fincheck does not partner with any loan shark lenders. You should steer clear from these sort of lenders as they can sometimes operate illegally and extort consumers.

How do I know Fincheck’s lending partners are legitimate?

All of Fincheck’s partners are registered with the NCA as Financial Service Providers (FSP’s). This means they have been vetted by the NCA and are required to operate within their restrictions.

Updated on July 3, 2019

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