"A loan shark is a person who loans money with a high interest rate. Usually, the borrower is a person who cannot get a loan from a regular bank or other money-lending entity. A big loan shark could refer to the amount of money that the loan shark can offer, for example, one million dollars, rather than one thousand."
if they give you money then you have to pay them back that is that question
A Private hard money lender is what is considered to be a loan shark. This should be your very last resort in obtaining a loan. It is a very risky entitity to get involved with a loan shark.
He borrowed from an un-regulated loan shark.
A loan shark isn't actually a shark like the animal. It's a man or woman who will loan you money, and become ruthless when you don't pay it on time.
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To sit and freeze Bob
well u get a shark loan by giving someone money then u get more back from them. u may be able to trick ur best friend. They are illegal!
If you are trying to avoid being trapped by a loan shark you should not borrow money. Today loan sharks are not as prevalent they are now known as payday loan companies. Once you get suckered in it is hard to get out.
A loan shark is someone that lends people money that would not normally be able to get a loan from a bank due to bad credit ratings. So the reason that a loan shark will often target people with poor credit, is because the person is in desperate "need" of the money.
Interest from a loan shark is the "Vig" or "juice" as it was called. Vig is short for Vigorish.
The common term is a Loan Shark.