Questions tagged [shark loan]

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Pietro Pietro Wed Sep 25 2024 | 6 answers 1273

What is an example of a shark loan?

Could you please elaborate on what a shark loan is and provide an example? I'm curious to understand how it differs from traditional lending practices and what kind of situations might prompt someone to take out such a loan. Additionally, are there any specific risks or drawbacks associated with shark loans that borrowers should be aware of?

What is an example of a shark loan?

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