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Loan Sharks: News, Tips, Warnings & Real Stories

Welcome to the Loan Sharks Blog – your source for real stories, expert insights, and practical advice about illegal lending. Whether you’re looking to understand how loan sharks operate, spot the warning signs, or protect yourself and others, this blog covers it all. We break down the risks, share news updates, and highlight safer financial alternatives to help you stay informed and in control.

How to Protect yourself from a Payday Loan Scam

March 27, 2015 by Chris

So, you need cash in a hurry? For many, this means one thing: a payday loan. Before you make this decision, there are a couple things you need to do. First and foremost, consider your alternative options. You may find there is a better, more affordable way to get your hands on the money you … Read more

Categories Loan Sharks: News, Tips, Warnings & Real Stories 1 Comment

Why are Payday Loans so Appealing?

February 13, 2015 by Chris

Despite the fact that most people are familiar with the drawbacks of payday loans, the industry continues to grow. According to this resource, there are approximately 23,000 payday loan stores in the United States. Despite the drawbacks, there are many reasons people continue to flock to payday loans. These include: Easy to apply and qualify. … Read more

Categories Loan Sharks: News, Tips, Warnings & Real Stories 1 Comment

Payday Loans: What are the Drawbacks?

January 16, 2015 by Chris

With the popularity of payday loans seemingly on the rise, there are bound to be people who are on the fence regarding this financial decision. The primary benefit of a payday loan is simple: you can take a cash advance against your next paycheck, receiving the funds within 24 hours (most of the time). While … Read more

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Loan Shark Alternatives – Options to Consider

October 6, 2015February 12, 2014 by loansharks

Are you under the impression that taking a loan from a loan shark is your only option? If so, you need to stop dead in your tracks and reconsider where you stand. As you look into other options, you will soon find that relying on a “predatory lender” is a poor decision that could make … Read more

Categories Loan Sharks: News, Tips, Warnings & Real Stories 5 Comments
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LoanSharks.com recommends that you look into consolidating high interest loans with your local Credit Union, but we understand that obtaining a loan from an on-line lender may also be a good approach. We recommend that you compare rates and fees before committing to any loan. Here are financial resources to help guide you with debt help and lenders. If you are looking for a loan instead, you can do so here.

What Can You Do?

We’re fighting for healthy lending! It takes both demand and supply to create a marketplace. You can do your part by reducing demand for predatory lending by learning more about good loan practices, and how you should shop for loans.

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