loan shark


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Related to loan shark: personal loan

loan shark

n. Informal
One who lends money at exorbitant interest rates, especially one financed and supported by an organized crime network.

loan shark

n
(Banking & Finance) informal a person who lends funds at illegal or exorbitant rates of interest

loan′ shark`


n.
Informal.
a person who lends money at excessively high rates of interest; usurer.
[1900–05, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.loan shark - someone who lends money at excessive rates of interestloan shark - someone who lends money at excessive rates of interest
lender, loaner - someone who lends money or gives credit in business matters
shark - a person who is ruthless and greedy and dishonest
References in periodicals archive ?
If you have been a victim of a loan shark, call the Illegal Money Lending team on 0300 555 2222 to report them in confidence.
The National Trading Standards' illegal money lending team, which investigates and prosecutes loan sharks, is putting forward the cash which groups can bid for to fund their anti-loan shark projects.
A SUSPECTED loan shark has been arrested during a raid in North Shields.
It has helped at least 24,000 loan shark victims and had PS63million in illegal debts written off.
It is important for those caught in the hands of a loan shark to know that help is available.
For financial advice or to report a loan shark, call the EIMLT on 0300 555 2222.
Upon signing up a deal with a loan shark, the borrower understands that the lender keeps a stranglehold on him.
The UAE loan shark community has a macabre nickname: the blade mafia.
Debt adviser Pauline Allan, of Citizens' Advice Scotland, has 23 years' experience on the frontline and has dealt with the fallout from dozens of loan shark victims.
Remember, loan shark debts are not enforceable and by taking action against loan sharks we can, in the long term, reduce rent arrears, evictions and homelessness.
WIMLU's investigations manager said: "Our message is do not go to a loan shark.
Last month shady Birkenhead loan shark Daord, 52, was convicted of four charges of illegal money lending and one of money laundering at Liverpool Crown Court.