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by Cyanotic Wasp on August 14th, 2009
One form of it is "loan-sharking". That is, lending money on relatively easy credit terms (no background check, low or no interest at first -- or easy initial periods in adjustable-rate loans), and then tightening the screws once the credit user is "hooked" on the loan, with an eye toward acquiring the asset at a reduced price.
For example, lending money to a desperate businessman, and then eventually taking over the business later. Organized crime always needs places to launder money, so it's not so important if the business makes or loses money on its own; if they can control the books, then they can funnel money in and out and let the business front for their REAL money makers.
Does Sallie Mae consolidate student loans?
by Answerbag Staff on February 26th, 2011
| 1 person likes this
What organization governs school credit unions?
by Answerbag Staff on February 25th, 2011
| 1 person likes this
I am in need of a large loan that I am willing to pay 25% interest for. If you are willing to assist me, the loan repayment is 2 months.
by a_jroberts on December 18th, 2010
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Can I get a loan for a tummy tuck if I start my job after the first of the year, have no credit but a co-signer with good credit?
by ktbreen on December 19th, 2010
| 1 person likes this
How do I fill out a homeowner's assistance application to get a reduction in payment?
by Answerbag Staff on August 23rd, 2010
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