Payday loan provider or loan shark: can there be actually a positive change?

Payday loan provider or loan shark: can there be actually a positive change?

Professionals state you can find similarities between your “loan sharks” of yesteryear together with payday that is modern.(Associated Press file phot)

CLEVELAND, Ohio — The expression “loan shark” might think of a scene in a film in which a gangster requires a crowbar to your kneecap of a down-on-his-luck gambler whom can not make good on payment of that loan.

The definition of “payday lender” might think of a picture of the best business, detailed with a bright green sign, that provides loans at very high interest levels geared towards people who have low incomes or who does otherwise maybe perhaps not be eligible for old-fashioned funding. Continue reading “Payday loan provider or loan shark: can there be actually a positive change?”