The Fast Cash Needed website claims
some loan sharks charge rates as high as 1.5 percent per day.
Not exact matches
Many are forced to turn to
loan sharks, who may
charge interest of as much as 10 percent a day.
Payday lenders, while not having any collateral requirements, in most cases may be compared with
loan sharks, as the interest rates they
charge are hundred times more than the interest rates banks
charge their customers.
While you might be paying interest rates close to what a
Loan Shark might
charge, you can find lenders online who will advance you cash and you will not have to worry about getting a leg broken.
Those who do offer these types of
loans readily tend to be very tough in their repayment demands as well as
charge interest that is similar to a
loan shark.
Some businesses operate similar to
loan sharks in the way they
charge interest and fees, although they don't necessarily use intimidation tactics.
Anybody who
charges you over 60 % can be
charged under the criminal code with
loan sharking.
Of course, when you go to individuals or
loan sharks, they
charge higher interest rates compared to other providers.