What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community. Get Started Now!

Loan shark

A loan shark is an individual who offers personal loans usually at very high interest rates.

Expanded Definition

Most individuals would be better off to seek personal loans at their bank, credit union or other methods. But those who lack credit ratings often have few choices. Finance companies, pawn shops, and payday loans come to mind as alternatives in those cases.

Related Fool Articles

  • [link link title]

Related Terms

Recent Mentions on Fool.com