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Consumers with bad credit histories are often times unfortunate victims of financial scams as well as relentless loan sharks. So what is a loan shark? It’s a person or company that loans money to an individual at extremely high interest rates
one might think of loan sharks to be a Hollywood product. However, he would soon realize that they are not fictitious but real characters, and getting caught up with them could wreak havoc onto his professional and personal life. Loan sharks perform the task of playing on the nerves of people undergoing financial distress. Such people find it impossible to get loans by the traditional means such as loans and savings and banks. This happens due to either poor credit or nature of debt incurred by them.
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