Loan shark who demands 50% interest says he's an 'emergency service'

191.00 €
Published date: 12/04/2024
  • Location: 4532 Ez, Luanda Norte, Netherlands
A loan shark who demands 50 per cent interest on payments has claimed he's an 'emergency service' for families and has used violence to get money back - as figures show 3.3million Brits used illegal lenders in last three years.

The lender - who demands 50 per cent interest on the money he doles out - said that all of his victims have paid up in a chilling interview as he admitted to making 'physical contact' those who haven't been able to do so immediately.

It comes amid a spike in the criminal activity - with a third of Brits are said to have used one to pay their bills.

'The people that I lend money to, they can't go through the normal route,' an active quick cash loan shark, disguised in a face-scarf and tinted sunglasses, cash advance told Good Morning Britain.

'So you borrow £1,000 off cash advance america near me, no credit check payday loans instant approval you pay back £1,500. I think of myself almost like an emergency service.

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