Tag Archives: loan

The History of Loan Sharks

Loan sharking is the practice of lending money to desperate people at extremely high and illegal rates of interest. Loan sharks, or shylocks, make a big profit from people who can't get loans from legitimate sources, such as banks or other lending institutions. For as long as people have needed money they don't have, there…
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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…
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