Loan sharks are ruthless individuals who exploit vulnerable individuals in dire financial straits, trapping them in a cycle of debt and despair.
These predatory lenders often charge exorbitant interest rates, resort to intimidation and violence, and use coercive tactics to keep their victims in a never-ending debt spiral. It’s essential to raise awareness about the devastating impact of loan sharks on people’s lives and encourage stricter regulations to protect those in need.
Below is a recent news post relating to Loan Sharks and the danger the pose.
‘I thought he was my friend but he was a loan shark’ – BBC News