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I lost some family to greed and ambition – No Shame No Regrets
I lost some family to greed and ambition No Shame No Regrets
Loan shark definition/meaning
Loan shark definition meaning
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loan shark what does it mean : A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and operates outside off the street (outside of local authority). The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans.A loan shark is a person who – or an entity that – charges borrowers interest above an established legal rate. Often they are members of organized groups offering short-term loans who use ...Definition of loan shark in the Definitions.net dictionary. Meaning of loan shark. What does loan shark mean? Information and translations of loan shark in the most comprehensive dictionary definitions resource on the web.Definition of loan shark in the AudioEnglish.org Dictionary. Meaning of loan shark. What does loan shark mean? Proper usage and audio pronunciation (and phonetic transcription) of the word loan shark. Information about loan shark in the AudioEnglish.org dictionary, synonyms and antonyms.Loan sharks will start out appearing friendly. And if you keep up your repayments, they might stay that way. But the reality is, even if you do, any money you borrow will come at a very high price.The contract, however, gives the loan shark an advantage in that it makes the loan appear official and legitimate, even if the terms are illegal. If a loan shark doesn't use paperwork at all, then there is little proof of what you really owe.The act of loan sharking is providing unsecured loans to someone. However, the loan shark, who is the lender of the loans, uses an illegal method of charging high interest on the unsecured loan. The interest rates that are used are illegally high. However, the high interest rates are not the only aspect of loan sharking that is illegal.Loan Shark. A person who lends money in exchange for its repayment at an interest rate that exceeds the percentage approved by law and who uses intimidating methods or threats of force in order to obtain repayment.“I’m gonna make you and offer you can’t refuse.” You make deals with scrupulous people you can get hurt. Sure at this time it’s a tight economy.Sure we could all use a little borrowed money to make ends meet. But be sure if you borrow from a loan shark you know what to expect. Pay on time or they will issue you a payback.
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