Loan Sharks â Make Sure you Donâ t Sleep With the Fishes!
Illegal money lenders or Loan Sharks as theyâ re not-so-affectionately known as are money lenders who do not adhere to the Office of Fair Tradingâ s code of practices. They are the types of money lenders you see in gangster movies where the character lends money from a dubious organisation and ends up regretting it when they canâ t meet repayments. Unfortunately this is the reality for many people who are desperate. Loan sharks prey upon people who are unemployed or have been refused loans elsewhere, the problem is that when the borrower is that desperate theyâ ll be more likely to take the money on offer without considering the consequences, which can be: + Loans with bad terms such as not enough time to repay. ...
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