No, a loan shark cannot take you to court. Loan sharks are illegal lenders who charge exorbitant interest rates and often engage in criminal activities to collect debts. Their actions are illegal, and they do not have the legal standing to pursue legal action against you.
If you are being harassed or threatened by a loan shark, it’s crucial to contact the authorities. Many countries have specific agencies or helplines dedicated to dealing with loan sharks. They can provide guidance, support, and potentially take legal action against the loan shark.
Michael James Burry (born June 19, 1971) is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. He is best known for being among the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
