Loan Sharking: Origins, Stigmas and the Present Day

Loan sharking was the term given to the act of borrowing small quantities of money in exchange for exorbitant interest rates. Loan sharks started to pop out as soon as people noticed that it was possible to do this and get rich doing it, but they became famous in Europe during the medieval ages. They were considered the poison of society and people fought against it.

Nowadays, many payday loan agencies are compared to loan sharks – but some of them don’t even deserve it. People mix up unethical payday lenders with legit ones and they call loan sharks to respectable payday loan agencies, while some scammers get away with people’s money.

Luckily for us, in the present day, it is easy to avoid payday loan scams or current day loan sharks, you simply have to research the provider well, read the fine print thoroughly and find out if that payday lender is regulated or not.

Throughout this report we will provide you with some ways to not only discover if you’re being scammed, but ways to fight payday lenders that abuse you, how to repay hard loans and how to manage your finances in order to avoid being trap on the hole of bankruptcy.

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Payday loans are increasingly popular these days and due to some matters of irresponsibility there are some people who contract these little loans without thinking that they must have the financial stability to pay them back – after all, payday loans are still loans and you have to pay them back. Continue Reading

Most Popular Payday Loan Companies UK 2012/2013

Payday loans are spreading out through the UK like an out of control wildfire – so it is always good to know the conditions of as many payday loan providers as you can. Throughout this article we will go over 10 of the most popular payday loan companies in the UK on the years of 2012 and 2013.

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Payday Loans vs UK government

The payday loaning industry originated in the US, but the European crisis that is felt and manifested throughout Europe gave it fertile ground for expansion, and so it is now a booming industry in the United Kingdom as well, having grown exponentially and getting itself under the sights of the UK Government. Continue Reading