What is someone who lends money at excessive rates of interest?

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1256084

2026-07-10 11:51

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Someone who lends money at excessive rates of interest is typically referred to as a "loan shark." Loan sharks often operate outside of legal regulations, charging exorbitant interest rates and employing aggressive tactics to collect debts. This practice is considered predatory and can lead to significant financial harm for borrowers. In many jurisdictions, loan sharking is illegal.

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