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A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
shy: the interest charged on loans by loan sharks. shylock business: the business of loansharking. sitdown: a meeting, esp. with another family. soldier: the bottom-level member of an organized crime family who is made. spring cleaning: cleaning up, hiding or getting rid of evidence. straighten out, getting straightened out: becoming a made guy
5 ways to deal with debt collectors. If you’re dealing with a third-party debt collector, there are five steps you can take to handle the situation. 1. Be smart about how you communicate.
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New York sues loan shark group accused of charging Manhattan’s City Bakery and other small businesses ‘illegal’ rates of up to 820%. María Soledad Davila Calero. March 5, 2024 at 4:06 PM.
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