Loan Sharks
Using the services of a Loan Shark is usually a last resort for people who for whatever reason need money but have been turned down for a loan by their bank or other legal service.
Loan Shark - A person or entity that charges borrowers interest above an established legal rate. Depending on where a person lives, lenders typically cannot charge more than 60% interest per annum.
Loan shark
A person who lends money at an exorbitant rate of interest.
Medicaid
A program, financed by state and federal government tax revenues, to pay specific ed health care costs care for those who cannot afford them.
Loan sharks lend everyone money at exaggerated interest rates. But if these borrowers were not good enough and judged too risky by banks, why would loan sharks take such a gamble?
This term can be applied to criminal loan sharks who act as lenders of last resort, offering loans at interest rates so high as to be considered usury. This may be illegal in itself, or involve intimidation to ensure repayment.
See also: All-In Cost, Bond, Creditor, Hypothecation, Interest, Lien, Loan Sharking, Loan Syndication, Mortgage, Policy Loan
Demand Note
Disclosure Statement
Federal Home Loan Banks
FHLMC
Highly Leveraged Transaction - HLT ...
Budget Q&A: OBR is like loan shark with a serial debtor
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Budget shows chancellor is boxed in ...
Examples of racketeering activity include extortion, money laundering, loan sharking, obstruction of justice and bribery. The Racketeer Influenced and Corrupt Organizations (RICO) Act became U.S.
Charging interest on loans exacerbates the difference between the rich and poor; loans can increase poverty. The technical term for this is usury - usually understood to mean the charging of excessive rates of interest by loan sharks. (07:09) ...
to the lender for the RISK taken in making a loan. Even so, most developed countries have some form of usury law imposing limits on how high interest charges can be. These aim to protect borrowers from being exploited by unscrupulous loan sharks.
loan sharking Charging an illegally high interest rate on a loan. also called usury. loan stock An unsecured stock delivered to an entity that has furnished a loan for a firm, and earns interest at a fixed rate.
 See also: Saving, Banks, Career, Entrepreneur, Payday loan
  
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