Loan shark rate?_其他_趣味英语-查字典英语网

Loan shark rate?

In China, we have countless tales to repeat from friends who lose their friendship for one another after money is involved. Or as Mark Twain once said, friendship may last a life time if the friends don’t borrow money from one another.

Or something like that. Mark Twain said it more eloquently as a matter of fact, but you get the point.

Alright, here are media examples of loan sharks:

1. The mother of the late Adrian Dunne says loan sharks threatened to kill him and his family.

They moved from place to place to try and avoid these people. They were under serious pressure. Adrian rang me looking for “50,000 and he was desperate”, said Mary Dunne.

He said they were following him and threatened to rape the children and kill himself and Ciara.

Mrs Dunne spoke of the pressure felt by Adrian and Ciara before the pair were tragically discovered dead along with their two children at their home in the Moin Rua estate in Monageer last year.

The couple had tried to start up their own basket-making business in New Ross and Mrs Dunne believes they borrowed money from the wrong people’ after being refused by the banks.

- Loan sharks, Independent.ie, March 5, 2008.

2. Loan sharks are unlicensed lenders, they operate illegally and away from any sort of regulation that governs the financial industry.

They are prepared to lend to the financially vulnerable but charge astronomical interest and the borrower is not protected by any form of contract or terms and conditions. The lobbying group Debt on our Doorsteps estimates that as many as 7m people – or 165,000 households in the UK – are forced to use loan sharks because they can’t find credit elsewhere.