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We have many creatures moving around in the World of Finance like a Bull, Beer, Stag, Pig, and several others. However, they are not dangerous financial creatures. However, in the field of Personal Finance, we have a dangerous creature, the Loan Shark. Yes, everyone must avoid falling prey to a Loan Shark. A Loan Shark is always willing to give money without any security, but loans shall carry very high interest rates. The recovery is generally accompanied by threats, coercion and illegal means. People who fail to obtain loans from respectable and reasonable sources fall prey to Loan Sharks the borrowers.

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