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Loan shark
(redirected from Loanshark)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
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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uk CAPTION(S): NIGHTMARE Kevin and Debbie Wilson THE HOUSE Ill-gotten gains paid to kit out his kitchen THE pounds 2,000 TV One of two plasma screens he bought DESIGNER GEAR Reynolds could afford to get the top labels THE WHEELS He splashed the cash on expensive alloys THE LOANSHARK Robert Reynolds escaped prison sentence
If you go bankrupt, it will be entered into the records of the County Court, and you will find it very hard to get credit of any kind in the future, except at loanshark interest rates.
The brave builder has now revealed the full horrific ordeal he suffered at the home of Birmingham loanshark Lee Walker and his equally ruthless son, Christopher.
 
 
 
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