The financial crisis can affect anyone and make it necessary to seek a cash loan. The requirement in many financial institutions to get any amount is often diverse, among them not having a dirty name. So why not take out loan sharks? This is what many think in the face of an emergency.
Before you ask yourself why you should not borrow loans from moneylenders, you need to know how a type of “financing” works like this. In fact, there is no bureaucracy, because there are no rules either, the loan shark charges as much interest and within the time he wants.
But why not borrow from loan sharks?
If this is the only solution to my problem, you may wonder! There are many possibilities in the market and much less risky, such as payroll loans, personal loans and even online. In addition, money from loan sharks pays no tax, ie it is not administered within the law, so it is illegal.
Why not take out loan sharks? Key points to know and not take unnecessary risks on an illegal loan modality.
If you do not repay a bank loan, the only burden you will have is to keep the name negative in the market and not get new loans, open bank accounts or make term purchases. Now, if you borrow money from moneylenders, the risks are numerous, as these people live outside the law and do extortion through physical violence, which can result in death.
When it comes to loan sharks in Brazil they have many illegal debt collection techniques. In turn, indebted persons may even have confiscated property or seized personal documents, such as ID cards, work cards, passports, all to create real psychological pressure on the debtor.
A lot of people don’t know
But moneylenders often look for poorer people who are in a great vulnerability to exploit, preferably the elderly. The easiest and risk-free way for a senior to get a loan is through banks with payroll loans.
To take loans you need to be careful not to end up falling into loan sharks. Be wary of money on the spot and if there are no papers to sign, as serious financial intuitions require a number of documents, and it takes days to approve and release the amount due.
Loans through loan sharks are always somewhat obscure operations, nothing is dealt with clearly, especially when it comes to interest. Anyone who gets a loan with a loan shark signs word agreement.