Villains of the loan game
There are perhaps no such system or set up in this world which are not being exploited by a certain section of individuals for their own vested interests, fulfilling their own needs and requirements. Thus, if we consider the entire phenomenon or practice of giving and taking loans, even there too we can come across such a group of people who almost make a living out of exercising malpractices in the loan industry. Mostly, it has been seen that these kinds of people are those who operate individually rather than be associated with an organization or likewise. Though, there are different legal and technical terms to describe their offence officially, in common term, they are generally referred to as loan sharks.
Loan sharks are, if to be defined, those people who are involved in the money lending business and offer loans of unsecured nature to interested parties however at an exorbitant and extremely high rate of interest. Besides, very often it has been noted that either violent threats or certain forms of blackmail, muscle power in common language, are used as means to make the borrower to repay the total amount. Quite a common practice at one time, this has been sidelined to a criminal and underworld activity over the past few years, where they have become quite a common feature. In fact, mostly it is under circumstances when it is not possible for an individual to obtain loan through proper legal and official means, that he or she approaches a loan shark. Widely known for their notoriety, loan sharks have been portrayed as villains throughout the course of western cultural history ranging from the character of Shylock in Shakespeare’s “Merchant of Venice” to that of Mr. Potter in Frank Capra’s “It’s a Wonderful Life”.