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Subjects>Law & Government>Law & Legal Issues

What are the dangers of borrowing from a loan sharks?

Updated: 11/10/2022

Cbowsie ∙

Lvl 1

∙ 13y ago

Best Answer

VERY high interest rate - the payback amount is likely to escalate without appeal - their collection 'methods' are not friendly.

Wiki User

∙ 13y ago

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Related questions

What is dangers to sharks?

Fishermen are dangers to sharks because they catch them for their fins. Their fins are used for food and make up.

What is a loan recast?

borrowing more money ontop of an existing loan

What is borrowing from the bank call?

taking a loan

What type of sharks are mammals?

Loan sharks.

Where are loan sharks in toontown?

Loan Sharks are ONLY in buildings and ONLY are around on the streets if there is a invasion.

Can be used in security for borrowing meaning?

collateral for a loan

What are the dangers to a marine biologist?

can be eaten by sharks

Are there sharks in west London?

Only loan sharks.

What does it mean to have a loan withdrawn?

Denied a loan; or depending upon the wording, borrowing on a loan...such as revolving credit...a credit advance.

What is is recast?

borrowing more money ontop of an existing loan

What are the dangers in great white sharks lives?

Humans...

What is a non-securitized loan?

A form of borrowing that is not based on a tangible asset

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