Private loan sharks – have you been searching options for getting money fast and you are considering borrowing from private loan sharks and loan shark loans online?
Really need private loan sharks?
After reading this article, we hope that you reconsider the idea of going to private loan sharks and choose a more reliable and safe option, because you do have options no matter what your situation.
You may have bad debt or may be on a low income or even on benefits, but there are safe and reliable lenders that will accept your application for a new loan.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
We advertise some options for you to consider and show you the certified lenders that will hopefully suit your circumstances.
Avoid private loan sharks at all costs
The disadvantages to taking out a loan with private loan sharks are:
- With private loan sharks there is no set out payment plans. Interest rates also can be up to 25 times more compared to other lenders.
- Payments will be on the advantage of the private loan shark lender not based on what you can realistically afford.
- Private loan sharks are not authorised and so you are in the hands of the shark and are in danger of being taken advantage of.
Gemma, from London, wished she had known about all this before taking a loan out with a private loan shark. Gemma was in a very difficult situation and desperately needed access to money fast, but had extremely poor credit and was accepted nowhere.
She was so desperate she went to a loan shark and has very much regretted it as it has driven her to the brink of depression. The loan shark harassed Gemma on a weekly basis and demanded viciously 750 each month and she was in no position to pay this back.
The loan shark made Gemma a recluse as she was so frightened to leave her home in case she was harassed.
Please learn from Gemma’s experience and avoid a loan shark at all cost. No matter what your situation is low income, poor credit rating or on benefits there are payday loan companies out there that will seek to help you.
Unlike loan shark loans, payday loan lenders are well certified, provide safe borrowing and provide a realistic and approachable attitude for lending.
If you need money fast forget about private loan sharks, you are better off with payday loan lenders.
Just click on the links on this page to be taken to trusted lenders.