“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders

SEOUL, Oct. 25 (Korea Bizwire) – A “loan shark” is a derogatory term referring to a person or body that offers loans at extremely high interest rates. Interest rates are so high that their lending practices are often being accused of exploiting a borrower’s financial troubles.  Cash loans to people in dire need of money, [...]