Cash loans still susceptible to seedy loan sharks

C ash loans have always been a viable option for many cash strapped consumers who may not be able to qualify for credit from a traditional financial institution. And in many instances, out of sheer desperation, those who don’t qualify and those who prefer non-traditional means of acquiring money, head to cash lending avenues which many times means loan sharks. Granted, loan ‘sharks’ get a bad rep based on a few proverbial rotten apples, but it’s also true that loan sharks are well aware that their clients often come to them in a state of desperation, which gives them the upper hand to negotiate terms that are often unrealistic for clients to meet. Then of course when clients aren’t able to pay back the exorbitant interest rates the loan shark client relationship enters seedy and potentially dangerous territory; with the client being the one most at risk of harm. It may very well be that the aggressive and intimidating tactics which loan sharks resort to are justified, for example in instances where clients deliberately employ evading tricks to get away from paying what they owe. However, most people who need cash loans are obviously bad at managing their finances effectively, thus non-payment should be met with more leniency.