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Loan Sharks: What You Need to Know

LOANSHARKS.COM

Know how loan sharks work. And the safer ways to borrow.

Loan sharks offer money outside the protections of legitimate lending, often at extreme rates and with pressure in place of paperwork. This site explains how they operate, how to get free of one, and the legal options that say yes even with bad credit.

Get help nowHow loan sharks work
1,040%the annual rate of a classic six-for-five street loan 1 in 3American adults could not cover a $400 emergency in cash 12.8 yearsto clear a $2,000 card balance making only minimum payments
Still from The Usurer's Grip, a 1912 film about the salary loan trap

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A person under debt stress with their head in their hands

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The lending spectrum from fair lending to predatory to illegal lending

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Frank Costello testifying before the Kefauver Committee in 1951

Research and history

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LoanSharks.com is a consumer education resource. We do not provide, broker, or connect visitors with loans from unlicensed lenders, and nothing here is legal or financial advice.