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Nov 7, 2023 · What Is a Loan Shark? 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.
- Julia Kagan
- 2 min
Feb 9, 2023 · A loan shark is a person who lends money at an unlawfully high rate of interest or who threatens violence to collect debt payments. Loan sharks are predators who make extortionate extensions of credit to enrich themselves in violation of state or federal laws.
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
Sep 29, 2023 · A loan shark is a person who loans money at unlawfully high interest rates and may use intimidation, primarily threats of violence, to ensure borrowers repay their debts. In some cases, a loan shark may be connected to a criminal organization or might at least imply this to intimidate borrowers.
Apr 4, 2024 · Loan sharks are illegal lenders who threaten and use violence to get their money back. Though loan sharks are less prevalent, vulnerable people still fall victim to...
Oct 31, 2022 · A loan shark is a dangerous person or group that offers illegal loans with high interest rates and expects to be paid back quickly. Often, loan sharks resort to violence to collect unpaid debts.
Feb 6, 2024 · The meaning of LOAN SHARK is one who lends money to individuals at exorbitant rates of interest.
