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Loan shark

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Loan shark
Someone who issues loans with interest rates above the maximum legal level, often thought to come with threats from the lessor. Loan sharks typically are associated with organized crime, but this is becoming more rare with the emergence of regulated methods that accompany high-risk loans such as subprime and payday lender. See: Usury
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They have proved so successful prosecuting some of the country's most notorious loan sharks that the city team is now helping authorities across the country free hard-up families from the illegal lenders' vice-like grip.
Team bites loan sharks; TRADING STANDARDS: Praise for 'trailblazing' ... by Birmingham Mail (England)
S Officers busted the home of an alleged loan shark in Newcastle's West End, where they seized large quantities of money and log books with customers' details written inside.
Gang smashed; Raid targets illegal money-lending racket by Evening Chronicle (Newcastle, England)
Byline: SAM CASEY A CAMPAIGN to combat loan sharks has been launched in Huddersfield.
Beating the loan sharks by Huddersfield Daily Examiner (Huddersfield, England)
 
 
 
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