How to Spot a Loan Shark
Are you worried about borrowing money from the wrong type of lender? Are you concerned that you could get caught up in a deal with a loan shark? If so, you are not alone. As…
Legitimate Financial Resources
Important Resources To Help You: The following are a list of legitimate financial resources to help set your path right. Gov Loans – Access to information for government sponsored loan programs by sector. This site is a portal…
Fighting Back
Protect Yourself From Predatory Lenders Use your financial common sense; if you can’t afford it, you shouldn’t buy it. Plan a realistic budget and stick to it. Have a savings plan so that you’ll be…
Modern Day Predatory Lending
There is no legal definition for predatory lending, but it generally includes the use of unethical practices by lenders who use tactics that skirt around the law. They might give unfair loan terms, use confusing…
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…
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…
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