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1. Dictionary

   Loan shark

   /ˈlōn ˌSHärk/

   

   noun

   • 1. a moneylender who charges extremely high rates of interest, typically under illegal conditions: informal, derogatory "reports of exploitation and deceptive trading practices by loan sharks"

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2. People also ask

   How do you find a loan shark?

   • They may be found in under-banked neighborhoods, on the internet, or through personal networks. Their funds are usually from unidentified sources, and they work for personal businesses or unregistered entities. Loan sharks do not require background checks or credit reports.

   Loan Shark: Definition, Example, Vs. Payday Lender - Investopedia

   www.investopedia.com/terms/l/loansharking.asp

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   What do loan sharks do?

   • A loan shark is a person who – or an entity that – loans money at extremely high interest rates and often uses threats of violence to collect debts. The interest rates are generally well above an established legal rate, and often loan sharks are members of organized crime groups.

   Loan Shark: Definition, Example, Vs. Payday Lender - Investopedia

   www.investopedia.com/terms/l/loansharking.asp

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   How do you avoid loan sharks?

   • Here are just a few of the many reasons why you should avoid loan sharks: High rate of interest. Let’s face it: this is where loan sharks come out on top. They are able to charge borrowers a high rate of interest, much higher than the industry average, because they are not regulated. No way of knowing what the future holds.

   Home - Loan Sharks

   www.loansharks.com/

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3. www.usatoday.com › story › newsIllegal gambling and loan shark operation: 17 arrested in NY bust

   www.usatoday.com › story › news

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   19 hours ago · 0:00. 0:30. The New York State Attorney General's Office unsealed an indictment Wednesday charging 17 individuals in connection with "lucrative" illegal gambling and loansharking operations ...

4. www.lawayala.com › understanding-florida-usuryJumping the Loan Shark : Understanding Florida Usury Loan Law

   www.lawayala.com › understanding-florida-usury

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   1 day ago · Whether you are a lender or a borrowing consumer, working with a legal team knowledgeable on usury loan law can safeguard your interests, and help you put yourself in the best position. For more assistance on Florida usury loan law, contact one of our experienced attorneys at 305-570-2208. You can also email our lead attorney Eduardo directly ...

5. Videos

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     What is a loan shark? Let's us know what is a loan shark

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6. ag.ny.gov › press-release › 2024Attorney General James Announces Arrests of Alleged Crime ...

   ag.ny.gov › press-release › 2024

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   1 day ago · In addition, a separate mortgage fraud investigation originating from wiretap communications of the gambling and loan shark operations revealed that John LaForte and his wife Tracy Alfano recruited his nephew Joseph W. LaForte, Jr. to fraudulently apply for and accept a mortgage loan to purchase a $600,000 home in Monmouth County, New Jersey.

7. uk.news.yahoo.com › citizens-advice-cost-livingCitizens Advice say cost of living crisis is hitting Dudley ...

   uk.news.yahoo.com › citizens-advice-cost-living

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   2 days ago · Stop Loan Sharks, an organisation that investigates illegal money lenders, said: “Working alongside credit unions across England we have been able to raise awareness of the threats loan sharks present to our communities while offering an alternative in the form of credit unions.”

8. www.rocketloans.com › learn › explore-your-optionsWhat Are Payday Loans? | Rocket Loans

   www.rocketloans.com › learn › explore-your-options

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   4 days ago · A payday loan is a short-term loan due to be repaid by your next “payday,” or when you receive your next paycheck or other source of income. As the loans are meant to be covered by a single paycheck, the loan amount will generally be smaller than other types of loans – usually $500 or less.

9. www.legit.ng › people › 1596065-loan-shark-contactsLoan Shark Contacts Nigerian Man Who Did Not Borrow Money ...

   www.legit.ng › people › 1596065-loan-shark-contacts

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   22 hours ago · FCCPC to tackle loan sharks. In a related story, Loan app owners in Nigeria have continued to harass their customers and their contacts despite warnings by the FCCPC. The FCCPC, through its acting chairman, has stated that steps are being taken to tackle this issue and sanction defaulters.

10. www.channelnewsasia.com › singapore › uddin-sharifMigrant worker harassed by 'loan sharks': Over 10 instances ...

    www.channelnewsasia.com › singapore › uddin-sharif

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    22 hours ago · Mr Wayne Yuen, a director at Hiap Seng Piling Construction, says his sister's car plate number was also mentioned. The worker, Mr Uddin Sharif, has maintained that he did not borrow money from ...