What’s a Loan Shark?

Who Are Loan Sharks Anyway?

Loan sharking is the practice of lending money to desperate people at extremely high and illegal rates of interest. Owing money to a shark may feel like high interest rates and a seemingly bottomless pit of debt prevail.

Even in the 21st Century, little has changed and further victimizing seems inevitable as financial desperation increases globally in more households. Read and learn about loan sharks and ways to protect yourself from the abuse of this activity.

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