Our Most Popular Posts Of All Time

May 3, 2012 By Leave a Comment

Loan Shark Guide Top 5 Blogposts
It’s been a long two years at The Loan Shark Guide, and during this time, we have tried to give as much relevant information on loan shark alternatives as possible. Dealing with a loan shark is not something you should even think about considering. If you are approached by an illegal money lender, then you need to report them to the proper authorities.

With that in mind, we are pleased to announce the top 5 posts of all time on our site:

90 Day Loans

How To Consolidate Debt

How To Find A Loan Shark

Update: Trust Licensed Loan Sharks Only

Ok, so we added a few more posts :-) These additional posts were ranked very high in pageviews as well. We hope that you enjoyed them, and we also hope that we can bring you even better content in the months to come.

Filed Under: Loan Sharks

How to Avoid and Report Illegal Loan Sharks

April 12, 2012 By 2 Comments

Dealing with a loan shark is not something a person expects to come across. There are any reasons why the federal government encourages you to pay attention to loan sharks and their tactics against victims.

Understand what a loan shark does.



If you have never dealt with a loan shark, then you probably have no idea what they involve. Generally a loan shark is an entity who is unlicensed, but still tries to lend money to individuals. Loans sharks are called loan sharks for a reason and they will find a way to make you pay for the money you are borrowing.

Ways to spot a loan shark.
Now that you understand what a loan shark is you can find ways to avoid their presence. Pay attention to the details of the situation and make sure their behavior makes sense. For example, the situation could be going well, but then it turns ugly fast. Refusing information to you is also another sign that the loan shark is doing something illegal. Make sure you keep an eye on the interest rates and the other fees that are included. A lender should never refuse to show you his or her lending license. If they do refuse, then they are most likely a loan shark that does not want to be found out.

Don’t believe the threats.
If you have already taken out a loan with a loan shark, then it’s imperative that you take action now. Legal action is important if you want to do something about the criminals. The chances are that these sharks are getting others to take out their loans as well. The faster you report the loan sharks then the better off everyone will be. Do not believe anything the loan shark says because they are operating illegally and they have no grounds for what they say. Prosecution, jail time and other charges cannot be brought upon you because there are no legal statements. Some people who are victims of loan sharks still feel it’s necessary to get a lawyer.

Reporting a loan shark.
Reporting a loan shark is a lot easier than one might think. There is a special government agency that deals with loan sharks and their actions against humanity. It’s important to catch these criminals as soon as possible because it’s a high rate of crime that affects lives greatly. The only catch to reporting a loan shark is finding the correct way to report it in your country or state of citizenship. Some countries have you report it to the federal government and other countries have you meet with a detective. In some circumstances, you may be forced to take the criminal to court with a lawyer.

The bottom line is that you can avoid a loan shark by making sure they are licensed. Licensed loan entities cannot practice wrongful loan services. It’s also obvious that is one of the reasons as to why loan sharks exist. Understand what loan sharks are out to get from you, so that you can be prepared to fight for your rights as a loan recipient.

Filed Under: Loan Sharks Tagged With: illegal loan shark, report loan shark

Loan Shark Firm Wonga Targets Students

January 18, 2012 By Leave a Comment

There has been a lot of controversy lately surrounding the ‘Loan shark’ firm, Wonga.com According to this article, Wonga is charging students insane interest fees of 4,214% APR.



The company is claiming to step in and be a great alternative government backed student loans, which have only an APR of around 1.5%.

While it is not a smart idea to market such high interest loans to students who are already deep in debt with student loans, it has been officially stated by Wonga, that this particular page that is marketing these types of loans to students, has been taken down.

The consensus on this story is outrage by many people condemning Wonga, for what they call immoral lending practices. These same people speak about “all of the alternatives” available to a student–or anyone in a desperate financial situation for that matter–when in reality, the only option poor people have is to obtain high APR loans and hope for the best.

Wonga is not the only company that is providing these types of loans either. It seems that everyone has jumped on the media bandwagon and and created a ‘witchhunt’. Just Google ‘student payday loans’ and you’ll see what we mean.

What are your thought on Wonga?


Filed Under: Loan Sharks Tagged With: Wonga

Volunteers Sought To Fight Loan Sharks

October 22, 2011 By Leave a Comment

The amount of illegal loan sharks in the world today is staggering–and with the world economy in shambles and not showing any signs of a full recovery anytime soon, many of our friends and members of our family are turning to loan sharks–licensed and unlicensed and therefore are saying, ” I need a loan shark.”

So many people are currently in the clutches of loan sharks, that volunteers are being sought to help aid in fighting these financial predators.

Currently, there is a Illegal Money Lending Team based in Birmingham England that is seeking volunteers and ask that we inform friends, neighbors, and family members to stay away from illegal loan sharks.

Tony Quigley, head of the team, said: “We are looking for volunteers from neighbourhood watch groups, credit unions, tenant associations, parent groups and any other people wishing to make a difference.

“Loan sharks have a hugely detrimental impact on our communities, leaving people living in misery and fear.

This isn’t the first time governments have been trying desperately to put a stop to these types of illegal lending practices. This type of illegal lending often leads to many innocent people becoming trapped in debt–and sometimes–physically harmed because they failed to make a payment to their illegal lender. People of all ages and groups are urged to immediately report any instance of this type of lending that they know of. It’s possible that you can save a persons life by turning them in.

These types of lenders are not to be confused with legal lenders such as payday loan companies that offer an emergency cash advance or asn auto title loan or a personal loan with high APR. While these lenders do charge high annual percentage rates, they have been commissioned and licensed to do so in their respective state or country.

If you run into someone who is in desperate need of a loan and is thinking about contacting an illegal lender, please help them choose the right thing to do and avoid loan sharks at all costs.

Point them to the Office of Fair Trading or the Office of the Comptroller of Currency and show them how dangerous this type of lending can be. So many people entrap themselves in a never ending cycle of debt by choosing this route, so it’s up to you to turn them in if you notice illegal lending going on in your presence.

Remember to stick with payday loans, auto title loans, and bad credit personal loans only when you need emergency financial help.


Filed Under: Loan Sharks

Tips To Avoid Unlicensed Loan Sharks

October 14, 2011 By 1 Comment

If you are in a desperate and need money straightaway because you have bills to pay and other types of overhead that require you to pay them immediately, then you may have first instincts of contacting a loan shark.


There are many types of global institutions out there ranging from your traditional bank loans such as mortgages, auto loans, boat loans, personal loans, payday loans, auto title loans, and loans that require you to get out of it emergency financial situation such as paying your rent or or paying your car payment which is overdue, and in fact a lot of people require these types of loans which we will call emergency financial loans, and when they do, they often look for alternative financing options because they can not qualify for traditional bank financing such as unsecured personal loans.

When someone cannot afford or qualify for traditional bank financing in their regular banking institution, they get the idea of looking for a loan shark because they have heard the term before and they believe that this type of individual or corporation will be able to get them out of the situation that they are in. However one of us to be extremely careful and tread lightly here because there are different types of loan sharks out there that you need to know which ones you deal with before you begin making a deal with them.

Loan sharks online have been around for a very long time and to be honest, they have been around most likely from the beginning of time ever since people have had a need to borrow money to get things that they need. The only difference is that there are two types of loan sharks which are in good and evil types. The one type of shark that you never want to borrow money from or even contact for that matter is an illegal loan shark that loans money to individuals or families that have the intention of creating unreasonable interest rates and in the event that the borrower does not pay back, these loan sharks will come after you, your family, or friends and possibly cause harm to you or someone in your family in order to get you to pay the loan back. These type of individuals do not play when it comes around to messing with their money, that’s why it’s ever so important that use. Clear from these types of companies and individuals that you become situated in a financial emergency and in a cash capital very quickly.

So what is a person to do if they can get regular financing to receive a personal loan which is unsecured from their traditional bank? Well, the answer today question is you must first steer clear of illegal loan sharks, and then you must find a legitimate lending institution which will loan you the money that you require without causing harm to you or someone you know, in the event that you cannot pay the loan back. These types of lending institutions are legal loan sharks online. They will often loan you the money that she require however most of these lending institutions will not loan money above $2500 because the risk is so great that they may not recoup their investment. The other thing that you have to watch out for when dealing with these lenders, is the interest rate which they charge. While it is completely legal to charge interest rates, a lot of these companies although they are legal, will charge astronomical interest rates or APR because the risk associated with lending out this kind of money to someone in your shoes is so great mostly because sometimes they never get the money back which they loan.

So now that you know the two main types of loan sharks out there on the Internet, how does one ensure that they stay away from the loan shark’s that can do them harm or in other words lenders which are operating illegally? Well, the answer to that question is that if anyone or any lender ask you to send them money and first such as for application fees or any type of fees for that matter, then you should automatically turn and run a way because it is most likely a scam. Any legitimate lender will not ask you to pay any type of application fees or any fees at all so the moment that someone ask you to pay these days you should automatically know that it is a scam.

Also if the lending institution is located outside of the United States or United Kingdom then the chances of that lending institution becoming a scam is greatly increased. Another thing that you can do is you can check with your local government agency to ensure that these groups or individuals are licensed by local laws to lend money because this will ensure that you are dealing with a reputable loan company and that they have no chances of coming after you to cause you harm and event and you cannot pay the loan back.


Filed Under: Loan Sharks Tagged With: finding licensed loan sharks, unlicensed loan sharks, where to find legit loan sharks

Dealing With Loan Sharks

September 13, 2011 By 2 Comments

Although it is never acceptable to deal with loan sharks, licensed or not, sometimes, people often have no place to turn to when they face financial emergencies.


There are many types of loan sharks out there that can loan you money; however, the majority of them will cause you more harm than good. I’m referring to the ones that will cause harm to you or your family in the event that you borrow money from them and a bump in roadway comes along and you’re not able to make payments–then they will come after you and cause you pain, suffering, and agony–and possibly death.

This is the exact reason that you need to stay away from unlicensed loan sharksand try to find connections with financial institutions that are licensed and cannot cause harm to you or your family in the event that you cannot pay your debts.

So where can we find such credible lenders? We;ll, the first place you should look is online. You should attempt to locate a loan shark that is reputable and licensed in their state or country and is willing to loan you the money in a lawful manner. The types of loans sharks that we are referring to are commonly what we refer to as payday loan companies and title loans. Regardless of what some people may have heard, pay day loan companies actually can loan up to $2,500 and allow you a considerable amount of time to pay the loan back. In some cases, they allow borrowers a full 100 days to pay the loan back. In fact, people that need more than $2,500 have even gone to such lengths as applying for two or more of these payday loans in order to get the loan amount they need. We certainly don’t recommend this because it could take a long time to pay back the loan–especially with the interest these companies charge. And this is the primary reason that a lot of these companies are sometimes viewed as a loan shark.

If you have recently been approached by an unlicensed loan shark, you should report them to the authorities ASAP.


Filed Under: Loan Sharks

Loan Shark Scams

July 8, 2011 By Leave a Comment

When you desperately need a loan, you need to eliminate as many scams as possible. And when it comes to loans for people with bad credit, many scams run rampant. Here’s what you need to look out for in order to spot loan shark scams.


One of the first things you need to look out for when looking for bad credit loans, is to ensure that you are not dealing with a nigerian scammer. These types of scammers will ask for money upfront and then take off with your hard-earned money. Whatever you do, NEVER send money to ANYONE upfront when you fill out a loan application. Even if you have bad credit, a real lender will never ask you for money upfront. Unfortunately, most people have already been scammed once they hit our website and the only thing you can do from this point on is to never allow it to happen again.

The only types of real loans that people with bad credit can apply for and get are payday loans, car title loans, and loan shark loans from licensed loan sharks. We have already gone into in depth details on these various loan types in other posts and we suggest you take a look if you are interested in applying for a loan.

Payday loan lenders usually offer a maximum amount of $2,500 and the lowest we’ve seen to date is $500. They are usually very easy to qualify for with the only 3 things you need are a SSN, a checking account, and a job to pay the loan back. If you are interested in a car title loan, we suggest that you have a secondary vehicle available that is paid for, and use that as collateral. That way, if you manage to fail to pay the loan, you ‘ll still have a vehicle to get around.

Finally, finding a licensed loan shark is usually your last option. There aren’t many available that loan over $2,500, unless you ask for a debt consolidation loan. Sometimes it’s possible to get a debt consolidation loan for over $25,000. Also, many people have resorted to taking out multiple payday loans to ensure they obtain the loan they need…even if it’s over $5,000. We do not condone this as paying the loan back will take a lot of time and create lots of unwanted interest. However, many people don’t care about that and want their money straight away.



Filed Under: Loan Sharks Tagged With: find a real loan shark, loan shark scams, scams by loan sharks

Loan Shark Loans

June 1, 2011 By 25 Comments

If you are looking for loan shark loans, then odds are that you’ve found yourself in a situation where you need to obtain emergency funding or loans from none other than a loan shark.


Be forewarned that dealing with an unlicensed loan shark can, and in most cases will, end up with you being chased down, tortured, and probably killed if you don’t pay the loan back on their terms. And worse of all, it’s possible that they will do this to those who matter most to you – your family. If you truly want to learn how to find a loan shark, you’ll need to understand the risks associated with doing so – and most importantly you’ll need to learn who you can truly obtain a loan from.

In these tough economic times, it’s difficult to discern who you can trust in order to go get a loan. If you can’t get a traditional loan from the bank, there why in the world can you get a loan? There aren’t many places left – and that’s why loan sharks are becoming a more popular solution for those with bad credit. Most people that have bad credit don’t even care that they may end up paying 1,000% APR on the loan…all they know is their roof is leaking…or their car broke down…or they just lost their job and can’t put food on the table…and they desperately need money right away. And the only thing they care about is finding a solution to their problem, no matter what the consequences.

So how do you know if you’re dealing with a real loan shark? That is – one that is licensed? Well, for starters you need to find out the name of their financial company. The name of their company should be listed in your local government’s database as a legitimate loan company. If their name is incorporated and they don’t have a license to issue you a loan, then it’s advisable that you NOT do business with them. This is a sure sign that they are not licensed, and while they could possibly loan you the money you need in order to get the loan you desperately need, it’s certain that if you fail to pay it back, that they will come looking for you – and not like a regular bill collector does either. They will hunt you down and find a way to get their money – or else.

A great alternative, and certainly one that you should seriously consider, is applying for a quick, payday loan. Depending on how much you need, you can qualify for this loan within 1 hour. Usually, payday loans are capped at $2,500. The downside to some payday loan providers is that they expect you to pay the loan back in a short period of time. This can be a real bummer – however, there is good news. There are a few payday loan companies available that allow you much longer terms to pay the loan back – over 100 days before you have to pay the loan back. This is an extremely long time and gives the borrower more than enough time to pay this loan back.

Most people only need $2,500 or less and this options is perfect for them. Remember though…payday lenders still want to look at your credit score to see what your credit history looks like, but most likely you’ll still get the loan. But what about people who need more money than that? What do these people do? Well, this becomes a much more difficult loan to fund. There aren’t many loan companies out there who are willing to loan someone such a large amount of money without some type of collateral and also a good credit score. However, there are lenders out there who are willing to loan this much, especially if you have a business idea worth investing in. For a small percentage fee and/or a stake in the company, they will loan you the money you need to get your business and/or idea of the ground. Even if you don’t have a business, if you can prove that you have an urgent need for this business and can somehow pay the loan back, it’s possible that they may approve you for a huge loan like this.



Filed Under: Loan Sharks Tagged With: loans from a loan shark, where to find loan shark loans

Loan Shark Interest Rates

April 4, 2011 By 4 Comments

Loan Shark Interest Rates

Did you know that loan shark interest rates are among some of the highest interest rates in the world? The reason is because the risk of loaning money to individuals with bad credit is so high, that loan sharks must leverage this with high interest rates.


If you have been reading this blog, then you know the two different kinds of loan sharks which are available. There are licensed loan sharks, and unlicensed loan sharks. While both will charge you astronomical interest rates regardless of your credit history or any other number of factors involved, the one loan shark that you must stay away from is the unlicensed loan shark. If you are in a desperate situation and need an emergency cash advance or other type of funding, then you must find a licensed loan shark. This is how to find a loan shark. One that is licensed and will not try and harm you or your family should you fail to pay your loan back.

Current Loan Shark Interest Rates

Unfortunately, we don’t have that information available. Each loan shark, or lender for that matter, has their own interest rates and terms which are suited for each and every loan. Each loan is different and that’s why loan shark interest rates will differ in each situation. A guideline to follow is that most loan sharks, or lenders in general who specialize in loaning money to individuals with bad credit, and who otherwise cannot obtain conventional loans, is that these bad credit lenders charge anywhere from 100% APR up to 700%+ APR, again depending on the loan, the situation, and many other factors.


Filed Under: Loan Sharks

I Need A Loan Shark

March 20, 2011 By 104 Comments

If you seriously need a loan shark and have been saying to yourself, “I need a loan shark“, then you must be having hard times.

I Need A Loan Shark

That’s ok. Every single one of us goes through hard times and with the economy not doing so well and also with all of the wars happening in the middle east, it’s no reason may people are having tough financial times…and that’s what leads them to look for loan sharks online.

If you are down to your last dollar…if you aren’t sure how you are going to pay the rent…if you aren’t sure how you are going to put food on the table, then please listen up:

I Need A Loan Shark Today

If you desperately need money, then there are two things you can do. The first thing is you can apply online for an unsecured loan. However, chances are that your credit is so bad that you will not have any chances of acquiring the loan. You can check your credit score here if you’d like to see what your score is before you apply for an unsecured line of credit. The case with 98% of people however, is they will not get approved. This leaves them without many options. There are still options available, but these options are not as great as if we had perfect credit. Therefore, once we get declined we then need to find out about secured loans. There are auto title loans and many other types of loans. This is usually around the time people start telling themselves, “I need a loan shark“.

It is detrimental to your well-being that you stay away from unlicensed loan sharks. These types of loan sharks will come after you and your loved ones if you fail to pay them for the loan. It’s best that you contact licensed loan sharks only. These “loan sharks” are licensed by your government and if you fail to pay back the loan, then your family will be safe. There have been many instances of unlicensed loan sharks coming after people and their families, and the problem continues to be a very tough problem to eradicate.
So, if you are still saying to yourself, “i need a loan shark“, then just ensure that you find and enlist a licensed loan shark that is licensed by your local and state government agencies. Even with the dangers involved, there are still people who are interested in knowing how to find a loan shark. Be sure to check with the

There are many ways to go about getting your loan needs if only you research all available options and never give up. Some people have even been known to fill out several payday loans from different companies in order to get the money they need to take care of their financial woes. Just remember that if you take out multiple payday loans, that the interest could very likely become unmanageable and you will be paying those loans back for quite some time. You may want to read about how to get the perfect payday loan.
Office of Fair Trading if you live in the UK, or the Office of the Comptroller if you live in the United States to see if the lender is legit.


Filed Under: Loan Sharks Tagged With: how to get a loan from loan shark asap, i need a loan shark, i need a loan shark right now, i need a loan shark today
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