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.
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.