It's Shark Week both on the Discovery Channel, and here at FindLaw! While many of will never see a shark in the sea, some of us will have to deal with a different kind of shark: loan sharks.
Get a $500 loan fast! No collateral required! These offers sound great, especially if you need money quickly. However, these nice lenders do not tell you how much you'll be paying them later on. A loan shark offers small loans at ridiculously high interest rate that are almost impossible to pay back.
Loan sharking is illegal, but many people still fall victim to the lenders' predatory tactics.