Outrageously Funny Word Dictionary :: Loansharking

👉 Loansharking is a financial practice where individuals or companies lend money to others in exchange for goods, services, or other assets, often with an interest rate higher than that of traditional lending. This can be done through various channels such as online platforms, credit unions, and banks. In the context of loansharking, it refers to the process of lending money to individuals without requiring collateral (such as a down payment) in order to secure the loan. The borrower typically pays back the loan

loansharking