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Loan shark facts for kids

Kids Encyclopedia Facts
Payday loan shop window
A shop window in Falls Church, Virginia, United States. Loan sharking may refer to both legal and illegal activities.

A loan shark is a person that sells loans with very high interest rates. People go to loan sharks for many reasons. It is often because no one else will lend them money. Loan sharks tend to ask for something beforehand, like someone's passport. Loan sharks are often illegal.

Loan sharks are called 'loan sharks' because they are like sharks; aggressive, angry, and greedy. They can do many illegal things to just get repayment.

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Loan shark Facts for Kids. Kiddle Encyclopedia.