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One of the practices of money lending is known as loan sharking. It is by lending funds for those who are desperate people who have higher illegal interest rates. The Loan sharks actually make higher income from those people who could not get their loans at legal sources, just like banks and any other lending institutions. As much as people need money, there are loan sharks that can help them get the services without paying any charge. It simply introduces itself as the best solution for a problem and they are merely business individuals who would like to help a certain borrower to get out of the bind. The only prey for these sharks are the single parents, illegal immigrants, gamblers, elderly and even with executives who are working on a white collar industry.


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