Loan Sharking

February 22, 2011 By 1 Comment

All About Loan Sharking

So what is a loan shark? What does it mean? Well, if you just landed on this website then you may have some questions. It’s important that you understand the difference between licensed loan sharks and unlicensed loan sharks.



If you are in a desperate situation and need money today, then you should search out and find licensed loan sharks. These types of loan sharks are licensed by your local or federal government and have the legal right to give loans to individuals who are in financial need. They may charge unreasonable fees, but if you are in need of fast money, and have horrible credit, then this is usually your only option on how to find a loan shark.

Unlicensed loan sharks on the other hand should be avoided at all costs. These loan sharks are not licensed or regulated by any type of governmental agency and they make their own rules when it comes to loan sharking. If you fail to pay, then you may get harassed to the point where you feel as though your life or your family’s is in jeopardy. They will stop at any costs to get they money which is owed to them. This is, in effect, loan sharking.

If you need quick money, you should consider payday loans or an emergency cash advance. With these types of loans, you can expect to get loans up to $1,500. If you need more than that, you may want to consider filling out 2 loan applications. Bear in mind that the interest associated with these loans is astronomical and that is it very difficult to climb out of this type of debt. But if you need the money, receiving the money you need may outweigh the consequences. When it comes to loan sharking, you should be aware of who you are dealing with at all times.


Filed Under: Loan Sharks Tagged With: loan sharking, loansharking loans, what is loan sharking

Avoid Loan Sharks

January 26, 2011 By 5 Comments

In a small town,located in Cheltenham, it is rumored that loan sharks lend to one in five households. Police estimate that this is a growing problem, not only for this small town, but for small towns and big cities throughout the entire world.



As more people are left to feel the effects of the recession and world-wide economic pain, more loan sharks than ever are swimming the debt seas searching for victims to take advantage of.

If you are in desperate need of an emergency cash advance, then by all means you need to do whatever it takes to get the money you need. However, you should AVOID unlicensed loan sharks at all costs. You are better off paying a higher interest rate for a payday loan, than risk your life with a loan shark.


How To Spot Unlicensed Loan Sharks


  • Avoid sending money to ANYBODY claiming that they can help you
    get a loan if you pay a “special fee” upfront.

  • Ask them for their business license and check with the BBB (if in
    the United States)

    • These two rules alone will at least keep your money safe (and possibly your life). If your life and your family’s life are important to you, then you should stay far, far away from loan sharks online, avoid trying to find a loan shark, and opt for a payday loan instead.


    Filed Under: Loan Sharks Tagged With: avoid illegal loan sharks, stat away from unlicensed lenders

    Loan Calculator

    January 25, 2011 By 1 Comment

    Would you like to know how much interest you will have to pay once you get a loan shark loan or a payday loan? Use this simple loan calculator to find everything out.


    Some people may need to borrow only a small amount of money, such as $250-$2,000, which is indeed a small amount of money. Well, here you can find out how much principal and interest you will end up paying back. So, if your interest is, say 25%, then you would input that into the loan calculator and find out your result. There are many people who need more than $2,500. While this doesn’t necessarily have anything to do with the loan calculator, you should at least be advised that you will be paying a very high interest rate since your credit is bad. You should check your credit before getting a loan, that way you at least know what you’re dealing with interest wise.

    Filed Under: Loan Sharks Tagged With: loan calculator

    Locate a Loan Shark

    December 22, 2010 By 68 Comments

    Locate A Loan Shark Today

    In today’s economy, more and more people are getting themselves into more debt than we have seen in previous years. With that said, more people than ever are trying to locate loan sharks online.



    What exactly constitutes a loan shark though? And what type of interest rates, finance charges, etc do they charge? These are all valid questions that people looking for information on how to find a loan shark are pondering. “Will they harm my family”, etc, etc, etc. The list of concerns goes on and on. It all boils down to whether the person or lending institution you’re working with is licensed in the country you live in. In almost all cases it is IMPERATIVE that you only deal with licensed financial companies who are in an authoritative position and who are currently abiding by your local laws and regulations.

    Don’t Fall For Scams: What To Watch Out For

    In your search for a loan, do NOT (I will repeat it again…DO NOT) ever, ever, ever send money to someone who claims they will give you a loan if you send them money first. This is nothing more than a scam devised to part you from your hard-earned money. It goes like this: Someone from outside the U.S (sometimes within the U.S, but most of the time not) will contact you and say that all of your money worries are in the past…that they can loan you however much money you want…even if you have horrible, smelly credit….IF you send xxx amount of dollars to them for an application fee of some sort. (there are also deviations to this scam, so be careful and recognize it quick).

    DO NOT FALL FOR IT!

    That is all.

    If you need a REAL loan, then you might want to check on consolidating your debt and get yourself an emergency cash advance

    Filed Under: Loan Sharks Tagged With: locate a loan shark

    Finding Loan Sharks Online

    November 21, 2010 By 27 Comments

    If you are trying to find loan sharks online, then you may have trouble locating one that does not rip you off. If someone asks for upfront fees and are located outside of the USA or UK, then most likely they are trying to rip you off.


    Never, ever send any money to anyone if before you get the money that you are asking for.

    This is nothing more than a scam. When dealing with loan sharks, deal with lenders are who are local to you. We have complied a list of lenders throughout the United States and U.K who will give you a loan with no upfront fees or collateral required. You can find it here. Stay away
    from anyone in Nigeria who is asking you for money. Follow our simple guide, which is free by the way, and you could have your loan within a matter of days. It doesn’t matter if you need $1,000 up to $200,000, there are lenders for everyone.


    Filed Under: Loan Sharks

    Prisoners and Loan Sharks

    October 26, 2010 By Leave a Comment

    In the U.K, banks must do more on their part to help former prisoners get access to financial services to keep crime rates and prisoners from committing the same crimes. Refusing these prisoners bank accounts, access to credit, and insurance is keeping these former offenders from securing jobs and providing for their families, which in turn is driving them even deeper in debt. And we wonder why they keep coming back to prison?



    Well, although there are many factors in play here and would cause someone to commit crimes for financial gain, we must do something to keep these offenders from getting back into the same situation.

    The Ministry of Justice has noted that having stable employment, housing, etc is a very important factor in keeping crime rates down. And they are absolutely correct. These groups also noted that it was next to impossible to achieve low crime rates if there is no access to financial services to these repeat offenders. If we expect people to live fulfilling lives and be a helpful and trustful part of society, then we must do more to help them gain access to financial services. Recent research found that over half of all people in prison did not have a bank account and no financial means. Really? And we expect them to behave and learn to trust the system? We need to do more to educate them and give them access to financial resources as they should. This is the reason that most of them are turning to loan sharks


    Filed Under: Loan Sharks

    Borrow Money From A Loan Shark

    September 5, 2010 By 79 Comments

    Borrowing money from a loan shark is certainly not a daily routine, such as borrowing money from a traditional bank.

    No. You will, in most cases, be paying back quite a significant amount of interest. Also, it depends on whether or not you first deal with a licensed loan shark, or one who is not even licensed at all. And believe me, you do not want to deal with a loan shark who is not licensed. If you borrow money from a legitimate loan shark, you don’t have to worry about someone coming after you, threatening your life or your family’s. It doesn’t matter how much money you think you need, that amount of money is not worth you or your family’s life, should you not be able to pay it back.

    Always do business with legitimate, licensed loan sharks. You may not receive the amount of money you think you need ( $100,000+ …which…who is going to loan you that much anyway?) but there are ways you can get up t0 $10,000. You just have to search around a bit longer.


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

    Update: Trust Licensed Loan Sharks Only

    August 11, 2010 By 267 Comments

    There have been many reports in the news lately of how many people have been getting ripped off, forced to pay exorbitant interest fees, and even worse – killed – because they borrowed money from an unlicensed loan shark.

    Licensed Loan Sharks Only

    Judging fromthis article, there have been many victims.

    But listen up:

    YOU DON”T HAVE TO FALL INTO THIS TRAP!

    Even though you don’t have the best credit in the world you can still find a loan option that will get you through these tough economical times without risking your life. The fact of the matter is you must deal only with licensed loan sharks. Granted, you will most likely have to pay much higher interest fees, but at least you will not have to risk your life. Besides, most loan providers have to charge these types of fees, because the chances of the borrower paying them back
    are very low.

    There are many options available to someone in need of money right away. Payday loans are a good example of this. If you need money right away or if it’s an emergency, then I will bet you money that you can get a loan in as little as 2 hours with a payday loan provider. All you need is a checking account, a social security number (if you are in the United States) and a job. if you can provide those things, then you are well on your way to getting the cash you need.

    Remember that you need to contact the your local government to find out if the lender you are thinking of working with is licensed or not. We can stres how important it is to stay away from illegal loan sharks that are not licensed by the local authorities. If you live in the United States, then you will need to contact the Comptroller of the Currency Compliance Division in Washington DC, the Office of Thrift Supervision Consumer Affairs Division, or the FDIC. Any of these government agencies in the UNited STates should be able to tell you if the lender you are working with is licensed or not.

    If you live in the UK, then you will need to contact the Office of Fair Trading. This is the government agency for overseeing lenders in the UK, and is actively doing everything they can to put a stop to illegal loan sharks. Another agency in the UK that works closely with the OFT (Office of Fair Trading), is a task force called stoploansharks.direct.gov.uk/index.html that is actively trying to stop the illegal lending practice.

    If you need a real, true emergency loan, remember that you must get a loan from a licensed lender so that you are protected. Real lenders will be licensed with any of the above agencies in their respective countries and they will also be able to loan you money at lower interest rates. Examples of these types of lenders are payday loan companies, auto title loan companies, bad credit personal loans, and other high risk loans that have high interest rates, but the lender is licensed by a government agency.



    Filed Under: Loan Sharks Tagged With: find a loan shark, loan shark, loan shark online, Loan Sharks

    Loan Shark Alternatives?

    July 28, 2010 By 16 Comments

    If you’re looking for loan shark alternatives, then this post can help you find alternative forms of financing.


    Living in today’s world can sometimes be a scary thing.  Especially if one does not have much money and does not have the best job to support themselves and their families. 

    Alternatives To Loan Sharks

    There are many people living paycheck to paycheck.  It’s definitely a struggle out there.

    So what do you do when you need money to pay your bills…to pay the rent…to feed your kids?  That’s the question that is on the mind of many, many people these days.  With employer’s laying people off by the hundreds of thousands, it seems there is no end in sight.

    Well, if your thought process is in line with what I just mentioned, then you do have some options available to you, which I will briefly go over and get you up to speed.  Getting the money you need to take care of your family is difficult enough, so I will try and make this post as easily to follow as possible.

    Where To Find Loans Other Than Loan Sharks

    1.  Do you have a fully paid for automobile that you currently do not use? I know that may sound like a silly question, but for some people it is a reality.  What you can do is take your car title to a dealer or licensed company who will give you a loan based on the car’s value.  Granted, the loan’s interest will  be excessively high, and if you fail to pay you will lose your car.  But sometimes getting the money you need is far more important.

    Paycheck Advance Is Possible

    In all actuality, loan sharks kind of are payday loan providers and paycheck advance companies.  The bonus of dealing with one of these types of loan sharks is they are licensed and you should have no worries of someone :coming after you” physically.  The downside is that the interest can be very high, depending on who you get the loan from.


    Or, if you choose not to you could do the following: Look throughout your entire house and find things that could be of value (not your necessities or things you truly value) and decide to have a yard/garage sale.  I’m sure if you look around hard enough you can find tons of stuff to sell.  People love going to garage sales believe it or not!

    Filed Under: Loan Sharks Tagged With: find a loan shark, loan shark, Loan Sharks, paycheck advance

    Loan Shark Requirements

    July 21, 2010 By 8 Comments

    Loan Shark Requirements

    This is by far one of the worst economic times our country has ever seen. A lot of lenders are moving in the direction of offering new loan opportunities in the form of payday loans.


    Most loan sharks can be classified in this category. If you come across an individual who is not licensed, do not do business with them. By doing business with an established online loan lender, you will dramatically reduce your chances of getting hurt or financially ruined. These new loan opportunities being provided by payday loan operators allow you to obtain a loan without even having your credit checked.

    No credit checks or faxing

    The majority of payday loan lenders only ask for a name, SSN, and a checking account. You can rest assured that the information that you send over the internet is secure, as long as you see the “https:” in the browser address field. You can get as much as $2,500 deposited into your account as quick as 2 hours.

    Loan Shark Business Practices

    While modern day loan sharks aren’t your mafia types, you more often than not see loan sharks in the form of payday loan providers. The interest that is charged to you can often times be unusually high, but in the long run, most people feel that they are more than happy to pay it. Why? Because they needed the money right away. And didn’t mind paying the interest later. Yes, it is entirely possible if you truly need that much money. You could fill out 3 applications from 3 different providers and get a lot of money, but it is not recommended, as paying the interest back would probably take a while to pay back.


    Filed Under: Loan Sharks
    « Older Posts
    Newer Posts »