The Money Game - Don't mess with loan sharks
I momentarily chip in my 2 cents about the irregularities being done by Politicians, Cops, Legal practitioners and Other dicey societal sectors.
I have to admit that the ones that go on in the financial sector are equally as bad as they can get.
Money is like a bullet in the hands of people. On one hand, we have people that use their money to save. On the other hand, some people use it to kill. So to speak.
What about you?
What do you do with your money?
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I'm writing this while having loan sharks in mind.
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Those in this line of business always makes people believe that they have a heart, but in a real sense, they are just a bunch of heartless lots. The money lending business is just like that. They come as helpers, but before you realise what is going on, they will make you miserable.
Those that have incurred debt for quite a while know that getting a loan may not be easy, but getting off the debt book of those that run a money lending business is outrightly one of the hardest things to do.
The debt tends to grow perpetually. When a borrower fails to pay in due time, he/she can be humiliated, tortured and also have more accumulated debts added to what he/she is owing.
Of course, this sounds too crude to be done in the 21st century, but that's exactly how loan sharks operate. They can go to any level to harass those that get caught in their hook and they don't mind making life miserable for anyone that defaults on their loan.
To sum it up, the pain of their customers is their pleasure ~ Most painfully so!
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What of formal lending institutions?
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You'd need to know that the approach is slightly different for those that choose to go through formal lending institutions. I can't imagine a situation where a bank worker will roll up his/her sleeve and beat up a customer that is defaulting on his/her loan. It doesn't happen.
This begs the question, why would people visit a loan shark instead of borrowing from banks?
From what I know, banks will always do their credit check and they don't give loans to anyone that is high risk.
If you don't have a job, business or collateral, you will likely not get any loan from banks. Those that are desperately in need of money for whatever reason knows that it is unnecessary to ask banks for it. It's like barking up a wrong tree.
Such people would most likely divert their attention to loan sharks, and that's where the drama begins. As for those that may successfully get loans from banks, it also comes with its drama.
Pointing accusing fingers
I'm pretty sure that everything I've said so far is showing the money lending business in a different light. Apologies to those that are are genuinely doing it with good intentions. This is your business. I get it. You've also got to survive.
Nonetheless, it would be unjust to end this post without calling out those that default on their loans.
I don't know what people have in mind when they go-ahead to apply for loans with no intention of paying them back. In such cases, it becomes very hard to truly make a case for them. Surely, they will be dragged around by banks/loan sharks.
This whole stuff is a display of collective madness. Anything that has to do with debt, debtors or money lenders, can be said to be both simple and complicated.
My only advice is for us to try as much as possible to be Debt-free.
Is that even possible?
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