HARD MONEY LOANS - When Louie The Loan Shark Comes Knocking

They’re called loan sharks and shylocks, with names like Big Louie and Guido, and when your credit's shot out and the banks won’t loan you another dime, and your Visa and Mastercards tapped and you’ve ran outta of dead relatives' things to pawn, the boys of the blackhand are the illegitimate money lenders of last resort. They're predatory lenders looking to give a helping hand to desperate borrowers who can't pass a credit check and got no where else to go.

For as long as people have needed cash, loan sharks have been around to help out. They usually introduce themselves as businessmen, with solutions to help borrowers get out of a bind, and prey on compulsive gamblers, single parents, illegal immigrants, small businessmen, white-collar executives, or anybody else desperately needing money. The loan sharks' game, is to hand out loans, with illegal interest rates so high, that most borrowers are unable to pay off the principal, and the interest payments known as “vig or juice” piles up and keeps on coming.

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