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Chris

A Credit Card is Preferable Over a Loan Shark

January 24, 2019 by Chris

There could come a time when you need money in a hurry. In fact, you’re so anxious that you immediately begin to consider all your options – even those that are not necessarily in your best interest. Despite the bad name, loan sharks are attractive to consumers for many reasons. Not only can you obtain … Read more

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The Emotional Impact of Borrowing from a Loan Shark

December 17, 2018 by Chris

In the past, we’ve discussed some of the many reasons to avoid a payday loan. While it’s easy to focus on the financial impact –primarily the high interest rate – there’s something else to think about: the emotional toll this relationship can take on your life. To start, borrowing from a loan shark can result … Read more

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Should You Ever Borrow From a Loan Shark?

November 26, 2018 by Chris

There may come a point in your life when you feel like there’s no way to obtain the funding you need. If this happens, it’s natural to open your mind to any and every option – even those that don’t make good sense. This leads to an important question: is there ever a good time … Read more

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3 Reasons to Avoid a Payday Loan

November 4, 2020October 30, 2018 by Chris

Many people turn to a payday loan when they need a small amount of money for a short period of time. While the opportunity is available, you need to think twice before you head down this financial path. Even if you have the best intentions, one slip up with a payday loan can cost you … Read more

Categories Loan Sharks: News, Tips, Warnings & Real Stories 1 Comment
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LoanSharks.com recommends that you look into consolidating high interest loans with your local Credit Union, but we understand that obtaining a loan from an on-line lender may also be a good approach. We recommend that you compare rates and fees before committing to any loan. Here are financial resources to help guide you with debt help and lenders. If you are looking for a loan instead, you can do so here.

What Can You Do?

We’re fighting for healthy lending! It takes both demand and supply to create a marketplace. You can do your part by reducing demand for predatory lending by learning more about good loan practices, and how you should shop for loans.

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