Charging an illegally high interest rate on a loan. also called usury.
Related information about loan sharking:
- Loan shark - Wikipedia, the free encyclopedia
A shop window in Falls Church, Virginia Loan sharking may refer to both legal and illegal services. A loan shark is a person or body that offers loans at extremely ...
- Loan sharking - Legal Dictionary - The Free Dictionary
A person who lends money in exchange for its repayment at an interest rate that exceeds the percentage approved by law and who uses intimidating methods or ...
- Loan Shark Definition | Investopedia
A person or entity that charges borrowers interest above an established legal rate . Depending on where a person lives, lenders typically cannot charge more ...
- What Does the Term 'Loan Sharking' Mean? - The Truth About ...
Those that have ever seen a movie on television about gangs and mobs, then they have undoubtedly heard the term 'loan sharking'. Automatically people are ...
- 3.4 Loan-Sharking - A Typology of Profit-Driven Crimes
Aug 3, 2012 ... In Canada, loan-sharking is officially designated as a criminal offence if the effective rate (including fees and penalty payments) exceeds 60% ...
- What is loan sharking? definition and meaning
Definition of loan sharking: Charging an illegally high interest rate on a loan. also called usury.
- Legalized loan sharking | Chicago's Real Law Blog
Oct 15, 2012 ... These loans are legalized loan sharking and need to be addressed. States like Ohio have severely restricted them and it's time that Illinois does ...
- End Legal Loan Sharking - The UK's poorest borrowers pay the ...
Aug 30, 2011 ... The End Legal Loan Sharking campaign took a major step forward when the government announced it will explore how a cap on the cost of ...