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Loan Shark
#31
It is easy to fall prey to loan sharks, as it is difficult to identify one by any chance. Loan sharks typically target the poor or the middle class. If they are unable to pay their loan in time, then their lives are threatened. Loan sharks may exist in countries where there are no strict governing laws, and thus they are able to operate freely. There are also loan sharks on the internet with the help of the deep web. So before being eaten by a loan shark, make sure you check on them twice. See if they are actually verified. Take notice of how much information they are taking. Or are they being too nice? Just watch out!
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#32
You may not believe it but the movies are real, in my country they actually hunt you down and cause bodily harm. I have seen it. lawmen are powerless against them so reporting the issues is futile. Borrowing 30 grant witch is equal to 200 us, at a 50 percent interest, missing payments could cause you to incur Late fees of 200,000 Approximately 1200 US with in 6months. They call to arrases and some people are taken to court but others are abused. Its scary but must lay in the grave you dig.
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#33
My advice is, avoid having contract with this people for your own sake. But when you already have dealings with them just make sure you pay the money owe because if you not these people might hurt badly.
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#34
There are enough options out there that you should not have to consider borrowing money from loan sharks or from PayDay loan sites. Paying hundreds or thousands percent interest on loans is something no one should consider doing. It is highly distasteful and probelmatic.
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#35
A loan shark is a person or body who offers loans at extremely high interest rates usually without holding relevant authorisation from the local financial regulator (illegally). 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.
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#36
Loan sharks are really dangerous. A family friend recently was forced to move cities because the were after her for money she owed and couldn't repay back. The threatened to cut off each of her fingures and toes each month she failed to pay the loan amount. I don't trust loan sharks the are unscrupulous human beings. The money that is lent to you is often proceeds of crime being( money laundering), so I would stay away from them.
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#37
loan sharks. Most of the time they are mostly looking out for themselves and do a similar service to factoring companies They also collect on debts owed but will also ask for very high fees and interest rates that's could potentially put a business in a tougher situation and eventually force them to close their doors. Also, loan sharks won’t provide the same feedback and information that a factoring company will regard finances.
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#38
(01-04-2018, 08:53 AM)aecel Wrote: Have you heard about loan shark? Did you ever try to make a loan from them? According to Wikipedia "Loan Shark is a person or body who offers loan at extremely high-interest rates usually without holding relevant authorization from the local financial regulator(illegally). The term usually refers to an illegal activity, but may also refer to predatory lending with extremely high-interest rates such as payday or title loans". 

Sadly there is still loan shark out there looking for borrowers. Borrowers tend to bait with loan shark because of running out of options to make funds even if the interest is extremely high they don't mind. In fairness with loan sharks, they're going to give the money right away to you but make sure you're going to pay them because they might give you a headache by threatening your life that would turn into violence.

Do you trust loan sharks? Aren't you afraid of them?

A loan shark is a person or body who offers loans at extremely high interest rates usually without holding relevant authorisation from the local financial regulator (illegally).
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#39
(01-04-2018, 08:53 AM)aecel Wrote: Have you heard about loan shark? Did you ever try to make a loan from them? According to Wikipedia "Loan Shark is a person or body who offers loan at extremely high-interest rates usually without holding relevant authorization from the local financial regulator(illegally). The term usually refers to an illegal activity, but may also refer to predatory lending with extremely high-interest rates such as payday or title loans". 

Sadly there is still loan shark out there looking for borrowers. Borrowers tend to bait with loan shark because of running out of options to make funds even if the interest is extremely high they don't mind. In fairness with loan sharks, they're going to give the money right away to you but make sure you're going to pay them because they might give you a headache by threatening your life that would turn into violence.

Do you trust loan sharks? Aren't you afraid of them?

Loan Sharks is the last resort of option by people whom having a hard time applying for loans in bank. Usually availed by people who needed cash immediately. Since it has a high interest, approval from this loan is very easy, you can get the money right away. But expect that if you can't pay it in time, they might ruin your life.
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#40
I think it's illegal, look at how high the interest from the loan shark. instead of helping you from their loan, they will just bring you down.
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