Tag Archives: shark

7 Compelling Reasons to Avoid Loan Sharks

Exorbitant Interest Rates Loan sharks are notorious for charging outrageously high interest rates, often exceeding 100%. Their schemes prey on individuals in desperate financial situations, offering seemingly quick and easy loans. However, the catch is that these loans need to be repaid within a very short period. Borrowers might be lured by the convenience of […]

What is a Loan Shark?

Loan sharks are individuals or groups who engage in illegal lending practices in our country. These unlicensed moneylenders typically prey on people who are in urgent financial need and are often in a vulnerable position. They create an illusion of security by initially appearing kind and supportive, offering financial assistance when banks have rejected your […]