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Cracking Down on Loan Sharks: A Lifeline for Vulnerable Borrowers

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

 

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