Got yourself pressed in the corner to the point that you’re willing to overpay on a loan? Finding a loan shark is not difficult at all. Almost all of the sites in the payday search results represent loan sharks who will be more than happy to lend you money and charge you a lot for that service. A loan shark is a person or entity that offers unsecured loans at illegally high interest rates. Modern loan sharks are lenders licensed to serve borrowers who cannot qualify for standard loans from mainstream sources. They don’t charge you illegally high interest rates, but a service fee instead. Of course, the fee is inflated. Before turning to loan sharks, ask yourself what other options are available to you. When you are in financial troubles, you don’t want to aggravate the problem by getting deeper into debt. Short-term loans carry enormous fees that are not going to help your situation. Of course they will resolve the problem for the time being but as soon as you have taken out a loan you will have to repay it. Try to solve your problem asap without the help of a loan shark.
Banks offer loans for people with bad credit in all kinds of difficult situations. They may require a collateral or a guarantor that can endorse your application but at least you will get a long term loan with affordable interest rate.
This site offers an instant access to payday lending services (or if you prefer “loan sharks”). Application is easy unlike the repayment. You are advice to be very careful using payday loans, because they are frequent cause of all kinds of problems. If you don’t pay the loan back on time, you are likely to face collection agencies and aggressive debt collectors.
If you need a loan asap, you may apply, but do yourself a favor and pay it back promptly. Never take out a payday loan with monthly installments – this kind of loan is significantly more expensive (adding fees for each period of extension).