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Loan sharking is a serious problem in the Philippines. Many people are very poor and are simply unable to pay back the high interest loans made by unscrupulous people.

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Loan sharking is a serious problem in the Philippines. Many people are very poor and are simply unable to pay back the high interest loans made by unscrupulous people.

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"An interest rate of more than 25 percent should be considered as loan sharking. That is the practice of loaning out money, just to charge a lot to get it back."

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Usury; loan-sharking.

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Everyone has a differant story but:Gambling,loan sharking,redundant,alchol addiction, drug addiction or just getting old.

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no

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Loans

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Which of these is a lien on the property that secures the promise to repay a loan

Which term is defined as a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower

Which term is defined as the money you owe to a person business or institution that extended a loan to you

How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years

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