The Loan Of A Loan Shark

Decent Essays
We recently followed the story of Joe McIntyre in Coronation ST where he borrowed off a nasty loan shark. The loan shark terrorised him wanting more and more money Joe was desperate and ended up planning on faking his death to claim on the life insurance. Joe was victimised and led to believe there was no way out of the debt once he realised the loan shark would never be paid off. There are many people like Joe out there who are living like this right now. It could even be you. Or it could happen to you. Maybe you 're thinking of getting a loan from a loan shark or perhaps you already have one. Please read this article to understand that there is a way out of this. According to Wikipedia a loan shark is; 'a person or body that offers unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence '. If you have borrowed off a loan shark - There are SOME loan sharks out there with a license, but they are not going to the guy on your street with his fancy car and bling. If you have taken out a doorstep loan from an illegal loan shark and are being intimidated and terrorised then PLEASE CALL THE POLICE. This is an offence and they can be prosecuted and locked up. Don 't live in fear. Put the loan sharks away. If you are thinking of borrowing off a loan shark - PLEASE, DON 'T. You are putting yourself and your family in grave danger. It may seem like a quick fix but ultimately in the long run it will cause chaos and destruction. A

Related Documents

  • Improved Essays

    In “Debate on Student Loan Debt Doesn’t Go Far Enough”, Robert Applebaum expresses his concerns when it comes to student loan debt. Applebaum is a graduate of Fordham University of Law who initiated a petition for student loan forgiveness which later was published by The Hill in 2012. Applebaum came up with a proposal of a plan which involved “automatically withdrawing ten percent of the debtor’s income and at 45,000 the loan would be forgiven”. In his essay, Applebaum exclaims that students these days have to mortgage their education because tuition is too expensive due to new stadiums and six-figure administrative salaries. Applebaum believes that student loan forgiveness should be made available to all graduates because a higher education is “a right, not a commodity reserved only for the rich”.…

    • 1011 Words
    • 5 Pages
    Improved Essays
  • Improved Essays
    • 586 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    “Me, the Other Scott, and Payday Loans” is an article written by Scott Gilmore. It argues that the payday loan interest rate for every one hundred dollars borrowed is unreasonable. This topic is very controversial due to the stereotype that comes along with individuals who require a loan. In my opinion, the fact that there is “a correlation between the number of payday lenders in a neighbourhood and premature morality” is an indication of a concerning issue. Also, in today’s society multiple individuals struggle to make ends meet; therefore, forcing them to resort to payday loans.…

    • 173 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Summary: Drowning In Debt

    • 607 Words
    • 3 Pages

    Drowning in Debt The concept of fiscal responsibility, to a majority of students, represents a new, unexplored terrain and their lack of knowledge allows the experienced system to entangle the fresh meat into their web of suffocatingly high, predatory interest rates. To express his frustration with the credit card companies, as well as sympathise with the students, Mancias asks then answers the question, “Who is to blame for this situation?” (274). The answer to his question becomes his thesis which states, “Credit card companies' predatory lending practices- such as using exploitive advertising, using credit scoring to determine creditworthiness, disguising the real cost of credit, and taking advantage of U.S. government deregulation- are causing many unwitting college students to accumulate high levels of credit card debt.”…

    • 607 Words
    • 3 Pages
    Improved Essays
  • Improved Essays
    • 1401 Words
    • 6 Pages
    Improved Essays
  • Superior Essays

    Is the Government Fixing the Student Loan Crisis? ; Who is on First, and What is on Second An author for the America Press wrote an article called “The Student Debt Crisis”. He argues that student loans are hurting the economy and causing college students to drop out because they can’t afford to payback student loans. The author states that “60 percent” of the Graduating class, college students use loans to pay for college (para. 2).…

    • 1055 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Carey Student Loans

    • 567 Words
    • 3 Pages

    The Problem with Student Loans Student debt loans is a crushing problem that plagues many students in the twenty first century. Higher university fees have led to more student debt that punishes students with high interest rates. These high interest rates may lead to damaged credit and future financial instability for students. Kevin Carey tackles this problem in a commentary published in the Chronicle of Higher Education, titled “The U.S. Should Adopt Income-based Loans Now”. Carey offers a solution and a plan to this issue, and does it using comparative dates.…

    • 567 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Student Loan Crisis A Myth

    • 1036 Words
    • 5 Pages

    Who would have thought to be a graduate there is a most likely chance that you end up with a degree that won’t give you the assurance of a job and an endless college loan debt? Well, there’s a good chance it might not be you but throughout United States majority of college graduates are dealing with this issue at this moment. People are contemplating whether or not “Is the student loan crisis a myth?” within these articles in the book of 13th edition: Patterns College Writing by Laurie G.Kriszner and Stephen R.Mandell. However, I disagree that this student loan crisis is a myth because of certain economic limitations within the society that prevents college graduates that have loans to be debt-free.…

    • 1036 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Toxic Debt

    • 230 Words
    • 1 Pages

    The number of individuals and businesses that have fallen into catastrophic debt (the point at which obligation exceeds ability to pay) continues to increase. The truth is, many of those who are in distress are ‘good’ customers, and through no fault of their own, plummet into disastrous debt and default on their payments. They are customers you’ve fought hard to win and, until these unparalleled times, have delivered value to your business. This presents your organization with a challenge: How to make sure its revenue flow is protected, but without compromising long term customer loyalty and relationships.…

    • 230 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    The famous myth of using student loans is the only way you are able to afford going to college and this is just completely false. There are many ways you are able to get free money that you don't need to work for. Also, you can work because working will help you get though the everyday expenses that are going to confront you. These two thing plus anything that helps you save money will provide you with the cash you need to stay out of debt.…

    • 597 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The Student Loan Crisis

    • 972 Words
    • 4 Pages

    People need to be aware of the issues on education and education reforms. The educational system requires people to pay thousands of dollars for a higher education. Students from all over the nation are forced to take out loans that put them into debt for most of their life. Low-income students also do not have many options nor are they able to afford higher education. The cost of education will keep on getting higher and higher as time progresses and the next President and Congress needs to focus on this problem for students who are in college and for the students who will be attending in the future.…

    • 972 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Out Of Debt

    • 689 Words
    • 3 Pages

    7 Steps to Getting Out of Debt - Permanently By Nickolove Lovemore Jul 17, 2009 Getting out of debt is simple but not necessarily easy. Have you ever noticed that some people get out of debt and then it may be a matter of months or years down the line and they're back in debt again? In extreme cases the time period can be much shorter. Some people raise their income to clear their debt.…

    • 689 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Being the product of a family who struggled financially, and growing up in poverty; home ownership was something wished for, thought about, but not really obtainable. The great housing crash that occurred a few years ago, honestly didn’t affect my life since I have been a renter of my property and never an owner. I saw the reports on the news and saw the “for sale”, “foreclosure”, and “reduced price” signs all over nearby homes, and I thought about the families that lived there and what they were being forced to give up in order to even survive. Owing a home, owning property is part of the “American Dream” that not only immigrants imagine but born and raised American seek out as well.…

    • 823 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Lakota Woman Quotes

    • 916 Words
    • 4 Pages
    • 916 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    In his scholarly journal article “Payday loan solutions: Slaying the Hydra (and keeping it dead),” Benjamin Faller, a candidate for 2009, case Western Reserve University School of Law, B.A. St. John’s University, 2003, argues that Payday loans should be monitor by the government and can cripple the borrowers financial circumstance for a many years. He develops this claim by first giving reasons why the government should have regulated payday loans and provided background information how payday loans were developed and how people get stuck in the endless cycle. In the beginning of the text Benjamin Faller explain how payday loans work in the operation section; for example, a typical interest on a 500 dollars’ loans can be half the loan. Next,…

    • 283 Words
    • 2 Pages
    Decent Essays

Related Topics