Instant money loans: Payday loan firms are ruining lives

That takes a great deal of stress off of me. Steve Sailer Glenn Loury recently interviewed the author. This includes all private homes, farms, businesses and commercial property, local and central government debt. Control of capital and credit was increasingly concentrated in the hands of fewer and fewer men until the rival banking groups ceased to operate in genuine competition. Meaning the people caught committing crimes are more likely to be career criminals?

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Please read the original post carefully. Absent fraud, you cannot be arrested for merely defaulting on a loan. Many times, the callers aren’t actual debt collectors, but scammers hoping to scare you into giving them money. A loan shark is a person or body who offers loans at extremely high interest rates usually without holding relevant authorization from the local financial regulator (illegally). The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans. [page needed] [page needed]An . Dec 26,  · The Federal Trade Commission announced this week it is suing a consumer data broker that sold payday loan application data to scammers who used the information to pull money out of consumer bank.

How can I verify whether or not a debt collector is legitimate?

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These loan sharks operated more informally than salary lenders, which meant more discretion for the lender and less paperwork and bureaucracy for the customer. They were also willing to serve high-risk borrowers that legal lenders wouldn't touch.

Threats of violence were rarely followed through, however. One possible reason is that injuring a borrower could have meant he couldn't work and thus could never pay off his debt. Many regular borrowers realized the threats were mostly bluffs and that they could get away with delinquent payments. A more certain consequence was that the delinquent borrower would be cut off from future loans, which was serious for those who regularly relied on loan sharks.

One important market for violent loan sharks was illegal gambling operators, who couldn't expose themselves to the law to collect debts legally. They cooperated with loan sharks to supply credit and collect payments from their punters. Thieves and other criminals, whose fortunes were frequently in flux, were also served, and these connections also allowed the loan sharks to operate as fences. Violent loansharking was typically run by criminal syndicates, such as the Mafia.

Many of these were former bootleggers who needed a new line of work after the end of Prohibition. Towards the s, loan sharks grew ever more coordinated, and could pool information on borrowers to better size up risks and ensure a borrower did not try to pay off one loan by borrowing from another loan shark. The fearsome reputation of the Mafia or similar large gang made the loan shark's threat of violence more credible. Although the reform law was intended to starve the loan sharks into extinction, this species of predatory lender thrived and evolved.

After high-rate salary lending was outlawed, some bootleg vendors recast the product as "salary buying". They claimed they were not making loans but were purchasing future wages at a discount. This form of loansharking proliferated through the s and into the s until a new draft of the Uniform Small Loan Law closed the loophole through which the salary buyers had slipped.

Organized crime began to enter the cash advance business in the s, after high-rate lending was criminalized by the Uniform Small Loan Law. The first reports of mob loansharking surfaced in New York City in , and for 15 years, underworld money lending was apparently restricted to that city.

In the beginning, underworld loansharking was a small loan business, catering to the same populations served by the salary lenders and buyers. Those who turned to the bootleg lenders could not get credit at the licensed companies because their incomes were too low or they were deemed poor risks. The firms operating within the usury cap turned away roughly half of all applicants and tended to make larger loans to married men with steady jobs and decent incomes.

Since the mob loans were not usually secured with legal instruments, debtors pledged their bodies as collateral. In its early phase, a large fraction of mob loansharking consisted of payday lending. Many of the customers were office clerks and factory hands. The waterfront in Brooklyn was another site of extensive underworld payday advance operations around mid-century. Over time, mob loan sharks moved away from such labor intensive rackets. By the s, the preferred clientele was small and medium-sized businesses.

Business customers had the advantage of possessing assets that could be seized in case of default, or used to engage in fraud or to launder money. Gamblers were another lucrative market, as were other criminals who needed financing for their operations.

By the s, mob salary lending operations seemed to have withered away in the United States. At its height in the s, underworld loansharking was estimated to be the second most lucrative franchise of organized crime in the United States after illegal gambling. Newspapers in the s were filled with sensational stories of debtors beaten, harassed, and sometimes murdered by mob loan sharks. Yet careful studies of the business have raised doubts about the frequency with which violence was employed in practice.

Relations between creditor and debtor could be amicable, even when the " vig " or "juice" was exorbitant, because each needed the other. FBI agents in one city interviewed customers of a mob loan business but turned up only one debtor who had been threatened.

None had been beaten. Organized crime has never had a monopoly on black market lending. Plenty of vest-pocket lenders operated outside the jurisdiction of organized crime, charging usurious rates of interest for cash advances.

These informal networks of credit rarely came to the attention of the authorities but flourished in populations not served by licensed lenders. Even today, after the rise of corporate payday lending in the United States, unlicensed loan sharks continue to operate in immigrant enclaves and low-income neighborhoods. They lend money to people who work in the informal sector or who are deemed to be too risky even by the check-cashing creditors. Some beat delinquents while others seize assets instead.

USA has a loan shark law, the maximum rate is set. Roman University Law was or is tied to usury laws for most of European legal history. Beyond that, more recently, USA has maximum rates for credit lenders and for 1st and 2nd mortage lenders and auto loans too.

In modern times it was said "you can't get a loan unless you don't need the money", however recently the legal focus has been in preventing lending by institutions who know the persons will fail to pay - a thing called "predatory lending" which is a different topic. The research by the government and other agencies estimates that , to , people are indebted to loan sharks in the United Kingdom.

Illicit loan sharking is treated as a high-level crime by law enforcement, due to its links to organized crime and the serious violence involved. The Central Bank of Ireland were criticized by [23] for doing nothing to protect those on low incomes, the vulnerable or have low levels of financial literacy from loan sharks when it emerged that up to , of the , loans given by moneylenders broke the law.

In the United States, there are lenders licensed to serve borrowers who cannot qualify for standard loans from mainstream sources. These smaller, non-standard lenders often operate in cash, whereas mainstream lenders increasingly operate only electronically and will not serve borrowers who do not have bank accounts.

Terms such as sub-prime lending , [25] "non-standard consumer credit" [ citation needed ] , and payday loans are often used in connection with this type of consumer finance.

The availability of these services has made illegal, exploitative loan sharks rarer, but these legal lenders have also been accused of behaving in an exploitative manner. By claiming to be charging for the "service" of cashing a paycheck, instead of merely charging interest for a short-term loan, laws that strictly regulate moneylending costs can be effectively bypassed.

Licensed payday advance businesses, which lend money at high rates of interest on the security of a postdated check, are often described as loan sharks by their critics due to high interest rates that trap debtors, stopping short of illegal lending and violent collection practices.

Today's payday loan is a close cousin of the early 20th century salary loan, the product to which the "shark" epithet was originally applied, but they are now legalised in some states. A comparison of short-term lending rates charged by the Chicago Outfit organized crime syndicate and payday lenders in California revealed that, depending on when a payday loan was paid back by a borrower generally 1—14 days , the interest rate charged for a payday loan could be considerably higher than the interest rate of a similar loan made by the organized crime syndicate.

The regulation of moneylenders is typically much looser than that of banks. In Japan, the Moneylending Control Law requires only registration in each prefecture. In Japan, as the decades-long depression lingers, banks are reluctant to spare money and regulation becomes tighter, illegal moneylending has become a social issue.

They lend money to people who are unable to obtain loans from banks or other legal sources, mostly targeting habitual gamblers. Often, they discreetly advertise by sticking notices, mostly on lamp posts and utility boxes around a neighbourhood, thus vandalising public property, as authorities must remove such advertisements.

When a person fails to pay on time, the Ah Long will set fire, spray paint, splash, or write threats in paint or markers on the walls of the property of that person as a threat of violence and to scare, and perhaps shame, the borrower into repaying the loan.

According to local police authorities, there have been cases where borrowers and their family members were beaten or had their property damaged or destroyed, and some victims have committed suicide. From Wikipedia, the free encyclopedia. For other uses, see Loan shark disambiguation. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article needs additional citations for verification.

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The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article , discuss the issue on the talk page , or create a new article , as appropriate.

May Learn how and when to remove this template message. This article may need to be rewritten entirely to comply with Wikipedia's quality standards. The discussion page may contain suggestions. They'll lend you money so you can get an organ transplant, but if you miss a single payment, they'll send out their Repo Man to take the organs back In Stroszek , a regular loan is taken out by the lead and the love interest, which they can't quite afford.

In contrast to these examples , the bank worker is comically non-combative. Things still don't turn out well. In Twins , Danny DeVito's character is hounded by a family of violent loan sharks in virtually every other scene. The plot of the first The Addams Family film in revolved around an amnesiac Uncle Fester who had been brainwashed by the film's villain Abigail Craven to assist in her loan-sharking schemes and who thanks to their dead-beat's lawyer's debts towards her becomes interested in embezzling their fortune.

Farthing Chevy Chase the gambling-addicted doctor is being "asked" to pay back his loans. What I don't understand is Doesn't seem fair to me. Especially when he's gonna kill me in four days anyway. The Sinister Urge , a film by Ed Wood about the dark, twisted crime world of pornography, uses this trope. The porn studio is shown to prey on young, unsuspecting girls by having the nice, sweet porn director hire naive girls as actresses and offer to front them money to live on, complete with paying their rent and buying her expensive dinners in order to prepare her for work at his studio.

As one girl found out though, her first "audition" has her meeting the director's financial backer and secret head of the porn syndicate. When she fails to get the drift when ordered to seductively pull up her skirt and show the porn boss her "hat", the porn boss reveals that it was HER money that the actress was living off of during the previous weeks and that if she doesn't do the movies the porn queen wants her to do, then she would contact the actress's father to make him pay back the money.

In Ken Loach's Raining Stones the main character borrows money from loan sharks to buy his daughter a communion dress. This plot turns up a lot in social-realist film and TV. An odd subversion, in the Thai movie Chocolate , the main character is collecting loans found in her loan shark mother's ledger, to fund her mother's cancer care.

None of the debtors wants to pay up, so she's forced to beat them up. In Rounders , Worm had accumulated several fairly small poker debts before going to jail. His former partner, Gramma, sensing an opportunity for a good score, goes around and buys off all Worm's creditors, meaning that Worm now has one big debt to him. Gramma states at least once that he's more than willing to use the traditional loan-shark "collection methods", but the real threat to Worm — and by extension, Mike — is fellow poker player and underground poker club owner Teddy KGB, who is called KGB because of his strong connections to the Russian mob.

Turns out that Teddy provided the money for Gramma's business venture, figuring they'd both make a nice profit from the interest. Gazzo in the first two Rocky movies.

In the first , Rocky works for him collecting money and beating up people who don't pay. Or in his trainer Mickey's words he's: Gazzo is seen with a date rooting for Rocky during the climactic fight of both movies. Working for Gazzo later comes back to haunt him in the fifth movie. One of these kicks off the plot of Ringo Lam's Full Contact. Chow Yun-Fat's character rescues his brother from a loan shark, who the brother borrowed money from in order to pay for their mother's funeral.

Since Chow had to kick the asses of his men in order to secure his brother's release, the loan shark is pissed. The brother mentions a friend of his who is looking for people to cut in on a job, which they can use to pay off the loan shark and get him out of their hair. The friend in question, Judge, and his gang were shown in the opening scene to be nothing but bad news, and the loan shark makes a deal with this guy behind Chow's back to have him killed during the job.

Chow survives the resultant betrayal and hit attempt, and you better believe he wants payback. The movie Tom Cats had a cartoonist going to Vegas for a friends wedding, where he ends up losing thousands, even though he said he had stopped.

The casino owner said the roll was legitimate because he gave the dice to a hooker, who rolled for him. This kicks off the main plot. The Hong Kong comedy movie Shark Busters has these and they are more honest and fair than the legal versions. Two of the villains in Suicide Kings. Who it is that owes them money becomes a plot point. In the first Otto movie, Otto borrows marks minus exorbitant fees from a Loan Shark and very soon has a debt of exactly Hilarity Ensues as he tries to get the money.

Phil borrowed money to support his family during the Great Strike in Now, at the same time that the rest of his life is going down the toilet, they step up their efforts to collect.

The main antagonist in Limitless is a loan shark and his thugs who apparently have connections to The Mafiya. Eddie eventually manages to pay him off, but the man continues to harass him because he sampled some of Eddie's NZT a drug that temporarily enhances intelligence and memory and wanted the whole batch.

He firebombed the homes of the people who refused to or couldn't pay him, which he regrets because he didn't know there were people inside at the time.

This later turns out to be the key plot point in the mystery, as it was his loan that Christian had to pay back by any means that set the entire story in motion. In Barefoot , a loan shark's threat to "smash [the protagonist's] head open" if he doesn't pay up sets off the entire plot. Making his volunteering to stay and set off the nuke understandable. He mentions to Chick that he spent the money on a stripper named "Molly Mounds," Chick deadpans, "You got problems.

He was very in debt, but a freak lottery win meant he could pay Cousin Marv back and then some. Because Cousin Marv was himself heavily in debt, he killed Glory Days so no one knew he was solvent. Vincent , Vincent is in deep with one; when he calls around with a gun and some muscle and tries to steal Vincent's wife's jewelry to pay off the debt, Vincent suffers a stroke. Nick is in debt to a local criminal who is waiting for him in Nick's home at one point with several of his goons.

James Caan in The Gambler played a college English teacher whose gambling addiction throws him into the clutches of a loan shark. He ends up press-ganging the bailiffs who are trying to arrest him. Ebenezer Scrooge from A Christmas Carol is implied to be a Loan Shark or at least a corrupt lender as he is quite wealthy and greedy, caring little for his customers or the poor. Although not as extreme as a criminal Loan Shark , he still shows little mercy to beggars and his clients who are facing financial troubles.

The Name of the Wind. The Loan Shark who appears, Devi, doesn't send thugs to collect money. She just has a small, sealed vial of her client's blood. No one ever has the courage to find out what nasty sort of magic she will do to those who are delinquent in their payments, and the protagonist Kvothe goes to great lengths to avoid paying late. Apart from this, however, Devi is really quite pleasant.

The goblins in Harry Potter fit this trope to a T, especially in Goblet of Fire , where it turns out that Ludo Bagman owes them a lot and has conned Fred, George and a whole lot of other people out of their bettings to pay them back This is why he keeps trying to help Harry during the Triwizard Tournament, since he bet that Harry would win.

What Harry didn't know, and had to find out the hard way, was that Goblins view every single Goblin-made item as being "borrowed" instead of "bought", and that they despise the idea that Goblin items are handed down through generations. He learns this when, being trapped in the vault, Griphook chooses that exact moment to make off with Gryffindor's Sword and escape.

Mack Bolan of The Executioner series sets forth on his campaign against the Mafia after his father snaps under pressure and kills his own family in a murder-suicide, brought on by the revelation that his daughter was prostituting herself to pay his debt to Mafia loan sharks.

In Neil Stephenson 's novel The Diamond Age , one character considers a loan from some highly respectable Parsi bankers but declines when he finds out about the nature of their collections policy. Their "reminders" to pay seem to be some kind of painful torture mechanism implanted in the debtor's body and the bank establishes workhouses for those having difficulty paying.

It's not for nothing that the novel's setting is described as "Neo-Victorian". He's pretty reasonable about it though, and an important part of his character is that he's such a confident badass in his mannerisms that people will play these debts without his needing to resort to physical violence.

In the Dragaera novels, this was one of the areas of crime engaged in by Vlad Taltos while a member of the Jhereg, a fantasy equivalent of The Mafia. His organization is relatively reasonable, in that when someone is a business owner making an effort to pay, they are likely to be lenient about payment or else take over the business temporarily before using violence, although they are more than willing to break the kneecaps of recalcitrant debtors.

It's suggested that the Jhereg are the source of loans for the common people, which is understandable given that the group associated with banking, the Orca, are less than trustworthy.

Adrian Mole gets in this trouble once for his naivete and ends up several hundred thousand British pounds in debt. Piers Anthony's Xanth series, has literal sharks do this job; they, of course, charge an equally literal arm-and-leg minimum for their services. In the novel Inferno , loan sharks are condemned to Hell. This has some basis in the original The Divine Comedy , which depicts usury as a sin, in turn deriving this from the laws of The Bible.

The protagonist, although generally opposed to the concept of eternal damnation, reflects that if anyone belongs in Hell, it's them. Troll mobster Chrysophrase of Discworld provides this service. He's described as "having people's limbs torn off" as a penalty for non-payment; so again, owing him an arm and a leg can be quite literal. Also in Discworld, in Mort , when Alberto goes back to Ankh-Morpork after a year absence, he finds a small bar tab he had has been handed down, and has interest added.

Subverted because of what Alberto does when he has the discussion over the ancient, now huge, bar tab. Emma Bovary, the title character of Gustave Flaubert 's Madame Bovary , falls into an all devouring black hole of debt which ultimately destroys her by purchasing fine clothes, fabrics, furniture and general haberdashery 'on credit' from unscrupulous merchants - maybe more like the modern credit card debt for consumer items than loan sharking, but with the same disastrous, life-destroying results.

The details on the interest rate, by the way, were contained in the microdot of an "i" in the closing line of the loan agreement. In Guy du Maupussant's short story " The Necklace ", the young couple are compelled to deal with loan sharks to get the money to replace the lost necklace.

It takes them ten years of scrimping and penny pinching to get out from under the debt. Only at the end do they learn that the necklace was actually just costume jewelry. On learning that the crown has defaulted on its debts Jon Snow considers that when princes default on ordinary banks the bankers starve, but when they default on the Iron Bank new princes arise and overthrow them.

As a result of the Lannisters' defaulting, a representative of the Iron Bank goes to find King Stannis Baratheon, presumably to offer him the financial aid he needs to claim the throne, traveling through harsh weather and ransoming prisoners to serve as a protective escort.

Harn suffers from a case of them early on in The Legendary Moonlight Sculptor. Mrs Finucane in Angela's Ashes , who hires Frank to write threatening letters on her behalf. A tertiary character runs afoul of one of these in a Sweet Valley High novel. Kenobi shows some of Jabba the Hutt's other business interests on Tatooine, besides smuggling. After his friend Dannar's vaporator began producing incredibly delicious water via Miraculous Malfunction , local Rancher Orrin Gault invested heavily in that vaporator model and attempted to replicate the results.

But he can't get the settings quite right, and his promised payoff to his creditors is not forthcoming. He spirals into his downfall from there. First, he goes into debt to Jabba's thugs to save off the bank, then starts embezzling from the Settlers' Call Fund, which the other settlers entrusted him with since he's so apparently rich and successful.

When he can't get enough from that, he turns it into a Monster Protection Racket. Linderman, who sends thugs after her to retrieve it. In a twist, Linderman actually doesn't care much about the money.

He's much more interested in having Niki's In a comedic subversion , Three's Company had Jack teaching a loan shark's lusty wife to cook because he couldn't pay back his loan. Buffy the Vampire Slayer featured a loan shark that menaced Spike. The loan shark was an actual demon shark guy.

And the currency of the loan was kittens. After seeing her fighting prowess first hand, the loan shark offered Buffy some "freelance" debt collection work. An episode of Blackadder revolves around Edmund having to pay back a loan he took from such a group - which is, as it happens, the Anglican Church - under penalty of imminent death if he doesn't ante up. He ultimately gets out of the debt by producing a painting of the debt collector, the Baby-Eating Bishop Of Bath And Wells, engaged in an unspecifically perverse sex act after learning that he'll "do anything to anything".

Making the unspecific act even more squicky is the fact that the other person involved was Percy. Michael Westen goes up against one in an episode of Burn Notice. He mentions that all loan sharks, while usually criminals, are ultimately businessmen.

They aren't really interested in harming their clients, but just want their money. Michael naturally manages to use this trait to his advantage. The loan shark in question, while undeniably dangerous, actually comes off as fairly affable and more reasonable than most of Criminal Of The Week villains.

Quite a number of Chinese-language dramas shown on Singapore's Channel 8 feature the local sharks. Korean Series like using this as a plot twist. Case in point, Twinkle Twinkle , both the poor dad and the rich son end up owning lots to the local " money lenders ". They mostly are never the real guilty party, expect to hear some variation of the line "Yeah, I killed him, that'll make him pay me" as a reason why they may have beat the guy up, but not killed him.

One particularly nasty variant took out life insurance policies on the debtor's family members , anyone who claimed he couldn't pay his balance would be told that his family would be shot and he could then just mail them the check. A subversion happened in a episode where a stock scheme runs so bad that the Mafia comes to the Manhattan D. There's also an episode in Criminal Intent where the loan shark is so impatient to get his money back that he kidnaps a guy's family, during which his hired kidnapper rapes one of the daughters.

Too bad he didn't know that Goren knew what the letters on his tattoo stood for. Used quite a lot on The Sopranos. It's all but stated that this is one of their main sources of income. Robert Patrick plays David Scatino, a local Sporting Goods store owner who gets in over his head in poker debts to Tony.

Tony then "busts out" Scatino's store, buying random crap and exhausting its assets and lines of credit until it is forced into Chapter 7 bankruptcy liquidation.

While he may have intended to file for Chapter 11—reorganization of debts, with creditors to be repaid from future profits—we very clearly see the liquidators roll into the store, take everything, and put up a "for lease" sign, so we can be reasonably sure that even if he filed an 11, it was converted to a 7.

This situation actually presents a very peculiar circumstance for a bankruptcy attorney: On the other hand And even if you had the balls to do it, how would you prove it?

This culminates when Tony, in a genius move , gives Meadow an SUV that he took as collateral from Scatino, her boyfriend's father. Christopher loaning to, beating, and ultimately murdering his Narcotics Anonymous sponsor.

One of the thugs exploits Vito by borrowing money from him, then turning him in to the rival New York family that wanted him dead. Even Angie Bonpensiero gets in on the game, "putting money out on the street" after she gets ahold of Big Pussy's old body shop.

She doesn't do any beating herself, but it's obvious she controls guys who do. Hal goes to one on Malcolm in the Middle to pay Malcolm's college tuition, explaining that there's no way he can pay it back, but he's offering to be the guy who gets his thumbs broken as a lesson to everyone else.

He quickly changes his mind once the loaner suggests that he could simply not give Hal the money and still break his legs. Lisgoe and his incompetent collectors in the third season of The League of Gentlemen. Kramer places a large bet with a bookie in Jerry's name and ends up winning a large amount of money The precise figure is never revealed.

Unfortunately, his bookie is very new to the business and can not afford to cover the bet. Since Jerry never actually placed the bet at all he is in no rush to get the money, but he keeps accidentally behaving like a debt collector. First he breaks the guys thumbs, then he locks him in his trunk and in the end he seemingly plans a murder.

All of it In true Seinfeld fashion is unintentional and misinterpreted to turn Jerry into an unstoppable debt collector. Kenji from Deep Love borrows some money from some loan sharks to pay for his drug addiction, unfortunately he got fired from his job because of his drug addiction. It doesn't end well. An episode of WKRP in Cincinnati has the enforcer for this type of shark loitering in the station's lobby, waiting for loan-defaulter Johnny Fever to turn up.

He was only given a vague description of what Johnny looks like, so of course Hilarity Ensues. Red Dwarf had an Outland Revenue man in the Better Than Life episode who was instructed to "to break both Rimmer's legs and pull off your thumbs The episode ends with the Outland Revenue man taking a hammer to Rimmer's hand.

He was, however, virtual. Given that Outland Revenue appears to be based on the Real Life Inland Revenue, he was probably collecting taxes, not loans, but the trope is functionally the same. That means nothing to these people.

He threatened to close down Nathan's favorite pub. Nate's father was also a loan shark as well, fueling some of Nate's anger with that mark.

In the alternate timeline in the sixth season of Lost , Sayid's brother borrows money from a loan shark to open a second business. When he can't pay the high interest rate, he asks Sayid to use his "skills" to scare off the goons. Sayid refuses until his brother is beaten and hospitalized, at which point he meets with the loan shark Joe McIntyre fell victim to one in Coronation Street.

Paddy Maguire lends Yvonne Karib money in Shameless when banks do not deal with her. Jimmy from Third Watch gets visited by several throughout the seasons. One notable example is when a Loan Shark takes Jimmy's car and makes him walk his kid home, in the cold and dark.

Hack had an episode where Mike, the protagonist becomes the personal driver of a local mob boss who is a Loan Shark. When a restaurant owner is about to be beaten for not paying back a loan, Mike saves the guy and the mob boss makes him personally responsible for collecting the debt.

He tries to be reasonable but it turns out the the restaurant owner is actually Too Dumb to Live and does not intend to pay back the money. If Mike can't get the money, he will owe the mob boss and thus having to join the crime gang to avoid getting killed.

Desperate he ends up threatening the restaurant owner with a bat till the guy give up the money. Disgusted he quits and goes back to being a taxi driver. An episode of Crusade had a loan shark trying to get the vig from Max Eilerson's ex-wife. He responded by using an alien artifact that was used to control prisoners, mentioning that it will kill on proximity to either him or the wife, or by a manual code entry. In Castle , some evidence quite often implicates loan sharks who the Victim of the Week had dealings with in one way or another, whenever they come up, but it's never them who's guilty of the episode's murder.

In fact, when questioned, they typically state the victim had just paid them back with interest, which is a lead Beckett's team can investigate with a little Forensic Accounting. Once Upon a Time 's Mr. Gold, in addition to being a pawn broker and the landlord for pretty much the entire town, frequently operates as a particularly inflexible loan shark. Gold is not a man you want to be indebted to. Rizzo to purchase a valuable Chinese vase from a Korean vendor.

Blood and Sand , a loan shark named Ovidius keeps pestering Batiatus to repay his debts. Eventually, Batiatus has enough and has the man and his family murdered. It turns out that Bert has had to go to some loan sharks to keep his restaurant afloat. Only then did it finally dawn on him that he was dealing with a Loan Shark. Even then, it still took the man not so subtly threatening him, his mistress, and finally his wife and kid by showing up at their home for him to scramble and come up with the money.

Mario Condello was portrayed as such in Underbelly with the idea being played up to the point of beating down those he loans to so they cannot pay, take everything from them, and laughing as a teenager is Driven to Suicide. Both the man himself and his best friend Mick Gatto were very upset at how he appeared. In Game of Thrones the Iron Bank of Braavos is essentially described this way on a ''nation-state'' scale — you don't pay them back, they fund your enemies — but contrary to what that might imply , they really don't play favorites and only judge a debtor's ability to repay, so once Davos Seaworth claims that his king is actually more reliable than the one physically on the Iron Throne — essentially offering to be their collector — the bankers come around and agree to fund Davos' king.

Jake goes to one in "The Apartment", the episode where his apartment is going on co-op and he is left hanging, as he hasn't paid his rent in years. One of crime boss Datak Tarr's "activities" in Defiance , in the pilot he has a man's wrist broken for bringing him a payment in public on the street.

Bacchus deals out a little street justice to scare them off. In one episode of Fuller House , Ramona and Jackson borrow money from Max, and Max forces them to be his servants to pay him back.

Miles and Louis primarily work as debt collectors for Amara's casino and criminal enterprises. Half an hour later, Harry owes 14 billion swans. Later on, Pip Bin, in dire need of cash after burning down parliament house, is approached by a "greaser of financial wheels, a servant of the fiscal hinterland". Or as the man eventually admits, a moneylender. Played with, in that he offers Pip the money he needs loan-free, but tricks him into signing a form for the grossly inflated interest, fluctuating wildly and randomly in the loan shark's favour.

It eventually results in his sister and brother-in law getting sent to debtor's prison, and his getting married to a Miss Talula Not-A-Man the series Big Bad in disguise. But how can I be sure you're not sharks? Because we're called guppies.

William Shakespeare used this in The Merchant of Venice. A Doll's House deconstructs the trope by having the final payment and signing off of the loan cause more trouble than the loan itself ever did, and the "loan shark", Krogstad, isn't just an evil and unidimensional Jerk Ass stock character but a fully realised human being with his own flaws, virtues and motivations. In The Little Foxes , the Hubbards are said to have "made their money charging awful interest to poor, ignorant niggers and cheating them on what they bought," which is why Birdie's mother never trusted them.

Previously the Trope Namer. You can take out a loan in Boktai and Boktai 2 from Dark Loans. If you can't pay it back in three days, you're kidnapped and forced to run on a treadmill until you've built up however much energy you owe. The game heavily advises against patronizing Dark Loans, however, and says that Dark Loans should be resorted to only once you've expended your last resort.

The crazy-ass interest rates help drive the point home. Apparently, Django didn't listen. While you could get a special weapon by running yourself deep in debt five times in Shinbok the japan-only third Boktai game , this is most likely not what happened in Lunar Knights , as those two games are in different continuities. In Saints Row , the player can borrow money from a loan shark, with three days to pay it back. Once the time expires, two goons will start to chase the player.

The longer you wait without paying back the loan or getting killed, the loan shark becomes more aggressive and eventually starts sending helicopters after you. Toontown Online has a literal version of this as a building-only Cashbot cog. In Grand Theft Auto IV , Roman is chased by loan sharks from a small-time Albanian gang due to his massive gambling debts, requiring the player character to evade them in a car chase and finally fight them, then chase down and kill their leader.

The Albanians are actually just some of the people that Roman owes money to. The lion's share of his gambling debts are in the hands of Russian mobster Vlad Glebov, an arrogant thug with delusions of grandeur. While Vlad is more civil about collecting his debts than the Albanians, he is still an unpleasant sort; rather than resorting to upfront violence, Vlad uses Roman's debts as an excuse to intrude in Roman's life and bully him whenever he wants, sleep with his girlfriend Mallorie and strong arm his ex-soldier cousin Niko into collecting other debts for him.

These last two actions are what ultimately get him killed. In reality, Tom isn't much of a loan shark, as he'll gladly let you take your time to pay off your debt to him, he doesn't expect you to pay it all off at once, and the debt doesn't collect any interest. He'll even let you shop at his store while you're working to pay off the debt, and even hires you for a while when you first move in, so you can work off part of the debt, do some errands, and learn the ropes.

However, once you pay off the debt, he'll offer building an extension to your home. And he won't take no for an answer.