We understand that you may feel that you have no alternatives other than using a loan shark to get money you need. This is why we created LoanSharks.com. There are alternatives to dealing with a lender that you will more than likely regret. Be sure to read our blogs for helpful information in your situation.
Why you should avoid loan sharks
High rate of interest. Let’s face it: this is where loan sharks come out on top. They are able to charge borrowers a high rate of interest, much higher than the industry average, because they are not regulated.
No way of knowing what the future holds. With a traditional lender, you know the finer details of your loan.
Potentially dangerous. If you default on a bank loan, for example, you could find yourself in financial trouble. This could mean losing a particular asset. With a loan shark, your situation is much more serious.