Can a loan shark take you to court?

Can a loan shark take you to court

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 […]

How to solve loan shark problems?

How to solve loan shark problems

Safely Resolving Loan Shark Problems Stay Calm and Don’t Panic: Loan sharks often use intimidation tactics. Remain calm and collected, as panic can lead to poor decisions. Document Everything: Keep a written record of all contact with the loan shark, including phone calls, text messages, and emails. Note the dates, times, amounts, and threats made. […]