VICTIMS of collapsed Christmas hamper company Farepak are being urged not to turn to loan sharks for help.
The warning came from Wakefield MP Mary Creagh after she voiced her disgust at the company's directors in a Commons adjournment debate.
She said she was worried that affected families may be targeted by unscrupulous lenders charging interest rates of up to 500%.
Ms Creagh said: "It is vital that families do not turn to doorstep lenders or loan sharks who charge absurd levels of interest."
She revealed she is joining other MPs in donating a day's pay of £160 to a fund for victims.
An estimated 150,000 families who saved for Farepak Christmas hampers have been hit by the firm's failure.
Ms Creagh said: "The directors of Farepak have been named and shamed as the Scrooges that have ruined Christmas.
"I have demanded that the Government take the strongest possible action against them.
"We need regulation to ensure no other families suffer this heartbreak in the future."
Victims have lost between £27m and £40m in the collapse of the Swindon-based firm.
The independent Farepak Response Fund has been set up by the Family Fund, a charity which helps families with disabled children.