Pippa Corbett answered
The term 'loan shark' is usually used to describe a company or individual who lends money at extortionate rates, and looks to collect the debt in an aggressive manner (often using blackmail or threats of violence to ensure a debt is repaid).
To specifically set out looking for one of these predatory lenders makes no sense. No matter how much financial trouble you are in, there are better ways to deal with your debt!
Payday loans in South Florida Firstly, if you are looking for a quick loan and you don't have a car or house to put up as collateral, you may have to resort to a 'payday loan company' or an 'unsecured loan company'.
These institutions are known to offer loans at fairly high rates - and should only be used if you're in urgent need of money.
Often, the interest payment you make on a payday loan is so high that you'll struggle to get out of debt when you rely on this type of loan.
Debt advice in Florida
Another option would be to visit what's known as a 'debt consolidation company', a lender who specializes in settling people's debts. A debt consolidation company can offer you a loan to pay all your debts, and will then work out an arrangement for you to pay them back.
The benefits of this method are that you'll only be dealing with one debt, rather than many different companies.
Finally, there's always the option of taking legal advice and declaring yourself bankrupt.
Before you make any decision on your financial future though, I'd recommend you do some research to find out what your options are.
Sites like debthelp.com are very good for providing advice and helping people in the Florida area manage their debts.
To specifically set out looking for one of these predatory lenders makes no sense. No matter how much financial trouble you are in, there are better ways to deal with your debt!
Payday loans in South Florida Firstly, if you are looking for a quick loan and you don't have a car or house to put up as collateral, you may have to resort to a 'payday loan company' or an 'unsecured loan company'.
These institutions are known to offer loans at fairly high rates - and should only be used if you're in urgent need of money.
Often, the interest payment you make on a payday loan is so high that you'll struggle to get out of debt when you rely on this type of loan.
Debt advice in Florida
Another option would be to visit what's known as a 'debt consolidation company', a lender who specializes in settling people's debts. A debt consolidation company can offer you a loan to pay all your debts, and will then work out an arrangement for you to pay them back.
The benefits of this method are that you'll only be dealing with one debt, rather than many different companies.
Finally, there's always the option of taking legal advice and declaring yourself bankrupt.
Before you make any decision on your financial future though, I'd recommend you do some research to find out what your options are.
Sites like debthelp.com are very good for providing advice and helping people in the Florida area manage their debts.
