loan shark vig. Using a market maker sportsbook, this is what the line would be if. loan shark vig

 
 Using a market maker sportsbook, this is what the line would be ifloan shark vig  We have 2

If you take out a loan from a loan shark, expect to pay interest, and probably a lot of it. A. As every fan of The Sopranos knows, the vig is the interest on a shark's loan. Glossary of Mafia-related words – Wikipedia. Many translated example sentences containing "loan shark" – German-English dictionary and search engine for German translations. (Round your answers to the nearest dollar. 15E. How much will you owe after 2 years? B. Welcome to this game's version of the money-making mini-game. An emotional scrap dealer wants to purchase a ship bound for salvage, but he needs at least $3000. It’s 10k broken down to 10 payments for 1000 each with a 30% or 3 point vig of 300 or 1300 a week. Facts. Handing over an ATM card can give loan sharks unauthorized access to a borrower’s bank account, leading to unauthorized withdrawals or misuse of funds. I,e if you were paying 300 a week for a 15k loan, that 300 doesn’t go down because you paid back 10k one day. This is how banks and lenders make money off of loans. " Find the sharks vig. Verb [edit] shylock (third-person singular simple present shylocks, present participle shylocking, simple past and past participle shylocked) (intransitive, US) To lend money at exorbitant rates of interest. Nation. A loan shark person is a person who lends money at exorbitant interest rates and is an American expression first attested from the early 20th century. Any random terms they use will be. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. 4). a. Finance House. Corker’s. More than 50 direct lenders! What is a vig loan shark - with Zangocash! Skip to content Navigation Menu. Allan Jones, who started Check Into Cash, in Cleveland, Tenn. That's why right after his encounter with them a car is seen possibly following him and then the man who plays the envelope game with him immediately approaches him at the subway station. If he lent you 1000, you would pay 1150 back regardless of how quickly you pay back the debt; the original 100 plus a 150 "vig". )(a) How much will you owe after 4 years? (Use 52 weeks per year. The bookmaker's mean profit per dollar bet is called vigorish or “the vig. No-Vig Odds. The image of Jews as sharks has also been around for a long time. A 50-year-old Quincy woman alleged to have been acting as an illegal “loan shark” on the floor of Encore Boston Harbor Casino is now facing charges. You can often apply for these online. 2. Loan sharks are predators who make extortionate extensions of credit to enrich themselves in violation of state or federal laws. VIG PRIVATE LENDING focuses on making loans simple for our borrowers. PAYDAY ADVANCE. Since it’s already 2020 and we’re all living in the digital age, loan sharks in Singapore are also moving towards “modern tactics”. A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). A young, reformed gambler must return to playing high stakes poker to help a friend pay off loan sharks, while balancing his relationship with his girlfriend and his commitments to law school. 8 percent in. Forgiving debt is REALLY forgiving interest (or the loan shark “vig” Let it go! 25 Aug 2022 03:42:59Mortgage Government Loans. A loan shark lends you $70 at 1% compound interest per week (this is a weekly, not an annual rate). How much will you owe after 3 years? b. If you borrow $100k at 3 points then you pay $3k a week until you pay the £100k back in full. When you speak with VIG, you are talking to the decision makers who will inform you right away if your loan is approved. ) $ 93 x (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. At 45 weeks, the interest rate would be equivalent to. loan shark — see loan shark. . ” A juice loan is “a loan at usurious interest rates, normally made by organised criminals,” while vigorish, or vig, is “a charge taken on bets, as by a bookie or gambling establishment,” or “interest, especially excessive interest, paid to a moneylender. Negative. heavy packed carrying a weapon. T-Shirts. A major reason why you should never borrow from loan sharks is because they charge exorbitant interest rates. shark; vig; Find Similar Words Find similar words to loan shark using the buttons below. Loan Sharks Advertise Their Loans Through SMS, Flyers, And Emails. -Loan sharks. Program of the Federal Department of Agriculture (For Purchase) of the principal residence. Dive into the world of loan shark cartoons at CartoonStock. Loan sharks vs. That’s $9,401. A seedy lawyer used somebody else’s money. Pepperdine Waves Status. No-Vig. ISBN: 9781337514835. If someone asks, “What’s the vig on the loan?” what they are really asking is, “How much money are you paying in interest for your loan?” In a world like The Sopranos, however, where loan sharks are. This is the loan-shark thesis. " Ivan Ehlers. ) (a) How much will you owe after 2 years? (Use 52 weeks per year. Thailand’s household debt has spiraled to almost equal the size of its $472 billion. Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or simply the vig) is. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Using a market maker sportsbook, this is what the line would be if. Financial Terms By: v. A loan shark lends you $90 at 2% compound interest per week (this is a weekly, not an annual rate). ) Round your answers to the nearest dollars A. The loan-shark business was, of course, illegal under the usury laws that existed then as now in most states. Loan sharks are loans expensive but come with their benefits. 2005, F. A vig refers to the interest that is charged on a loan. Words Ending With. What is a vig loan shark - the best way to get money. The film stars John Travolta, Gene Hackman, Rene Russo, Delroy Lindo, James Gandolfini, Dennis Farina, and Danny DeVito. A loan shark lends you $80 at 3% compound interest per week (this is a weekly, not an annual rate). Loan sharks are not financial institutions; indeed they often "collateralize" their loans with threats of violence. In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. I really try to find a good loan shark which can borrow me 3k for under 5000%. Meskipun arti harfiahnya begitu. Do loan sharks make a. New Website Lets Students Bet On Grades 2010Also when coupled with gambling ie the shark ‘lends’ the debtor cash to place a bet with the shark himself, there is no actual cash being spent. 20% of loan amount + 4% of loan amount each month. interest rate interest rates excessive high interest rate high interest rates extortion extortionate rate extortionate rates vig vigorish gambler gamblers gambling loan loans bank loan bank loans greed. 2022 The vig is essential to your sports betting experience, whether or not you take the time to calculate it yourself. So to unpack, here's how a legit loan works first, then how a shark loan works: A legit loan lends you money with an interest rate quoted either as an APR (Annual Percentage Rate) or APY (Annual Percentage Yield). S. they were awesome to work with. Probably. Minh Quang Tran pleaded guilty. Reporting loan sharks makes a difference – to you, your friends and your community. All you need is a bundle of money, muscle, a degenerate gambler, prospective investor, drug addict or just a guy in need of money. . Email: reportaloanshark@stoploansharks. They had the best rate out of any other place. Some banks and legitimate money lenders can now process a loan. It is often expressed as a percentage of the loan amount and is used to compensate the lender for the risk of lending the money. Conclusion About Loan Shark Harassment In SingaporeLoan shark vig. SANTA ANA — A 44-year-old bookie pleaded guilty and was sentenced to 14 years in prison Tuesday for gunning down a loan shark who owed him money in Westminster. Not strictly about mob loan sharking, this is an extremely detailed history of how predatory lending works. Text: a report to 07860 022 116. 1959: R. 5A loan shark lends you $60 at 2% compound interest per week (this is a weekly, not an annual rate). But the vig was a shocking 27% per month and many of the young women quickly fell. Barely a month ago, 237 people, aged 13 to 77, were arrested in a similar 11-day sting operation for acting as. The specter of the loan shark is often conjured by advocates of price deregulation in the market for payday loans. 2005 , Jeannette Walls , The Glass Castle ‎ [4] , published 2010 : Lori said it sounded outright felonious , but Dad said all he was doing was outsmarting the fat-cat bank owners who shylocked the common man by charging usurious interest rates. What does vig mean to a loan shark? Vig. ☑ 5-6 loans – this is a kind of loan where you borrow five pesos and pay six. 1. Special Features: They offer various types of insurance you can purchase ; Loans available for all credit scoresloan officer n (bank worker who handles loans) υπεύθυνος δανείων, υπεύθυνη δανείων ουσ αρσ, ουσ θηλ: loan shark n (moneylender) τοκογλύφος ουσ αρσ : The local loan shark offers a better lending rate than my bank. A loan shark is a person or body that offers loans at extremely high interest rates. Vig. SoFlo Funding is the company you can trust for funds if you are in dire need of it. About Us. 38% APR. Two points would be two percent of the loan amount, or $2,000. Loansharking. On your $1000 bet, he’d get $20 for his efforts. Loan sharks may require collateral such as ATM cards and IDs. ) (a) How much will you owe after 3 years? (Use 52 weeks per year. I've borrowed before from loan shark, this is how it works: Interest and points are essentially the same with some small differences. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. “Vig” is short for vigorish, aka juice. The dangers of loan sharks in the Philippines are very real. What does Vig mean in finance?. Loan sharks have long operated on housing estates in poorer areas, but increasingly use social media to drum up business and threaten clients, says Ms Williams: "It means a loan shark based in. goombah: an associate, especially a senior member of a criminal gang. 3. It follows Chili Palmer (Travolta), a Miami mobster and loan. To calculate that amount, multiply 1% by $100,000. In loan sharking, vigorish refers to the ridiculously high interest rates charged by predatory illegal lenders. goomar or goomah Americanized form of comare a Mafia mistress . On your $1000 bet, he’d get $20 for his efforts. " Find the sharks vig. We have 2. According to data from the Korea Research Institute for Financial Inclusion, this group of lenders has been tightening lending for a few years. Here are 6 ways to differentiate loan sharks in Singapore from licensed moneylenders, so that you can avoid falling prey to them. " Find the shark's vig. The danger of borrowing from these loan sharks is. English (wikipedia vis) Etymology 1 From (etyl) vis. ca +1 (866) 989-9909. The rate quoted is how much of the principal you pay in interest, assuming you stick to a payment schedule. ) A financial racketeer who loans money at usurious interest rates. A loan with less strict credit checks will likely come with a greater risk in the form of high interest, penalties and extortionate fees, so it might be better to consider improving your credit. The average illegal moneylender Singapore charges between 20% to 60% per month. b. Consider the idea of Jewish loan sharks, raising the "vig", or Shylock desiring his pound of flesh. Loan Shark, atau dalam bahasa Indonesia berarti rentenir/lintah darat, bisa berbentuk perorangan atau badan usaha yang fokus usahanya adalah memberikan pinjaman dana kepada orang lain atau usaha lainnya dengan. Her business, Ichiban Confections, is constantly in the red. These Vig - Vigorish: Origin: Probably of multiple origins. However, you should be aware of financial assistance programs by the government before thinking about borrowing money from a loan shark. 21 likes. As Black tells it, why the heck a mobster would ever want to take over a. Each point equals one percent of the loan amount. Facebook is showing information to help you better understand the purpose of a Page. It seems to have originated among Yiddish speakers in New York City in the late 19th century, probably deriving from a similar-sounding Russian word. What is the vig on a loan? It’s simply a slang term for the interest rate, or more precisely, the amount of money paid as interest on a loan. $ 1031 X There is no ten percent vig on loan sharking. Phone: 0300 555 2222. Beijing needs the vig, and the. This equates to $400 of interest for every $100 in 1 year. Points aren't always in round numbers, and your lender might offer several options. " Find the shark's vig. This term is used in many sources quoted within. It doesnt work that way. 1 Description; 2 Japan; 3 Ireland; 4 Israel; 5 Kazakhstan; 6 Malaysia and Singapore. LOAN ___ shark (usurer) SHYLOCK: Shakespearean usurer VIG: Interest, to a usurer SURE: Certain letters in possession of u sure r INTEREST: Usurer's great concern LOANS: Usurer's offerings AVARICE: Usurer's. Criminal -> Automatically can be lead into by one of the game starts. 5%A woman was shot dead at a gas station in Anápolis, 55km from Goiânia. He makes his money on the “vig,” short for vigorish – his fee for placing the bet. For a repayment rate of 3 months, your APR will end up being. In some cases, interest and fees can equal the amount you borrow. (Round your answers to the nearest dollar. This means if you borrow S$100 from a loan shark, you will need to repay S$120 to $160 within one month. So, if you borrowed $1000, you had to pay $50 a week in interest. (Vig is a mob term for interest on loans to a loan shark. Interest rates to get a loan from payday advance starts from 27% per week. ) $ 226 X (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. A small loan up to $2,500 that you repay over 9-20 weeks. Vigorish (also known as juice or the vig) is the fee charged by a. Lione, The Crossroads, Midtown Blue Book #2, page 100, The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. Company Management. Reply drtij_dzienz • Additional comment actions. Profits obtained by organized criminal groups from other illegal activities such as drug trafficking and migrant smuggling (see Module 3) have been used to make even more money by lending these profits to. A person who issues illegal loans, with outrageous interest, and if you don't pay it back over a certain period of time, he a) breaks your legs, b) breaks your face c) kills you. That is then their income stream. 1 Typically they provide little or no paperwork or information such as the true level of interest or amount owed, unilaterally increase the debt, impose penalties, retain critically personal documents such as. If you answer yes to the above, signup now and start receiving offers on your loan request. How much will you owe after 2 years? B. getting paid on monthly basis. TheAngryJerk • 2 yr. . Patsy will split this vig with Hesh as Hesh's incentive to become involved. TIL that "vig" as used to describe the fees charged by loan sharks and gambling operators, is actually an abbreviation of the original word, which is "vigorish. Loan Shark Gifts. This interest is called “the vig. All this comes to a head after a beautiful woman is forced to pay off a loan with her body, and a sleazy lawyer takes somebody else’s money to pay his. It is interest a loan shark charges. A payday lender can legally charge up to 400% interest in a year. Loan sharks in the Philippines are notorious for resorting to threats and violence when borrowers can't pay them back. ) A commission, finder's fee, or similar extra charge. There are 775 other synonyms or words related to loan shark listed above. 11/14 vs LIU Sharks-1800: W 53-76: 11/12 vs Lafayette Leopards-505: L 78-79: 11/09 at UC Davis Aggies +300: L 71-84:. a person who charges very large amounts of money for lending money to someone 2. LOAN ___ shark (usurer) Advertisement. Noire. The practice of making illegal loans, usually by charging an extraordinarily high interest rate. If I take a 50k loan at 2 points the vig is $1000 a week. Here in Ecuador, loan sharks- or as they’re called locally, chulcos or chulqueros- charge annual interest rates as high as 150 percent (and in the case of our chulco friends in Guayaquil, 791. Log In. 1. Loan-sharking victims were allegedly required to make weekly, high interest “vig” payments, either by directly paying individual defendants or by dropping off cash payments at two New Rochelle. What does vig mean in numbers? Loan Sharking runs along side gambling, and often a bookie or a card sharp is also a Loan Shark, or Shylock. Template:Page neededTemplate:Page. A beautiful woman paid it with her body. Vig Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. permanent worker. Video of the Day. To use the, perhaps, unfortunate analogy of a bookmaker, the typical ways to charge 10 percent extra on a losing bet called vig or vigorish. The average credit score in Texas is 688, while the average interest rate that lenders charge on a personal loan is 8. Loan shark vig capped at 6 percent a year by government. Loans from loan sharks charge interest rates far above any. One of the hoppers, the young kids that act as lookouts/runners for the older street dealers; asks Wallace a boy that was a bit older, how to do a math problem. By the 1940s, 31 states and the territory of Hawaii had enacted the law, helping put loan sharks out of business. The image of Jews as sharks has also been around for a long time. Loansharking. juice the interest paid to a loan shark for. It may be misspelled. Anthony Pandrella, 62, who is a Gambino crime. The Blade charged a 5% vig per week on the balanced owed. Synonyms * vigorish * juice * overround ---- Not English has no English definition. For example, if a game is listed at -110, it means that you need to bet $110 to win $100. '3 points' vig is 3% per week. The article again quotes from the Attorney General's report as. Kimanh Le, 50, was. 63 The shark's vig is approximately $2,585. The usurers persuade borrowers of the legality of their work and don’t reveal the actual activities. standard usury laws in each state typically set the maximum interest rates that a lender can charge, which can range from 45% to 45%. Financial Service. LOAN SHARK: Usurer has no involvement in caper LENDER: Usurer, e. Payday alternative loans (PALs). Michelle. $a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. Loansharking (also known as usury) is defined as lending money at an interest rate that exceeds the allowable legal limit. 2. A loan shark lends you $80 at 2% compound interest per week (this is a weekly, not an annual rate). a person who…. Find the shark's vig. ) $ (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. 2)short for "vigorish" used in gambling;When wagering on a. Loan sharks sound like an extremely risky measure especially when there’s different avenues you can take to generate the capital you need to start up. ” They say it means the “edge,” or the strength of the operation, to the loan shark or bookmaker. TL;DR - the thing that makes a mob loan a particularly "bad idea" is that the vig is interest-only, rendering the "interest rate" to somewhere north of 100% on every dollar borrowed. But he has to pay the vig and the full amount of the principle: unlike a real loan, none of the interest payment(s) are applied to the principle amount. In the world of lending, there are legitimate institutions that offer loans to those in need. My ex worked on the docks and used to borrow money from a guy name Mattie The Blade. Lending agreements between borrowers and loan sharks all have the following characteristics: a high rate of interest, generally 20 percent per week; a fairly explicit understanding that borrowers are pledging their physical well-being and that of their families as collateral for the loan; and a belief by the borrower. Today's puzzle is listed on our homepage along with all the possible crossword clue solutions. What’s another word for loan shark? In this page you can discover 3 synonyms, antonyms, idiomatic expressions, and related words for loan-shark, like: usurer, moneylender and. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. In “street” language, the profit on such a loan is known as the “vigorish” or. initiation or induction: becoming a made man. ) A commission, finder's fee, or similar extra charge. How much will you owe after 2 years? B. . We would like to show you a description here but the site won’t allow us. A beautiful woman paid it with her body. However, Illinois has some laws that restrict how much you can borrow, loan terms and more: Maximum amount: $1,000 or 25% of your monthly income, whichever is less. ( uncountable , slang ) The interest on a loan of money, especially for loans made by a usurer or loan shark . Loans approved and funded in as little as 30. " 20 Jan 2023 13:18:02When choosing the best lender for a personal loan, you must first take into account the purpose of your loan. The Captain loans the Soldier the money at 1% vig, and the Soldier loans it to the other guy at 2 or 3%. TheAngryJerk • 2 yr. (Round your answers to the nearest dollar. Credit unions have both large and small loan options available to people who fit certain qualification requirements. 14th Edition. What is the origin of the loan shark term 'vigorish', or 'vig'? - Quora. The client now owe's Patsy $10,000 plus interest, or "vig", which is the reason loan sharks do what they do. level 1 · 3y. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. 30 minutes - conditions apply. Houses where I live, Nebraska, are cheap compared to many other states and can get a decent 2–3 bedroom 1 bathroom house for $80,000. For example, one point on a $100,000 loan would be one percent of the loan amount, or $1,000. 1. Conclusion About Loan Shark Harassment In Singapore. ] Vigerage-and. Board the. Contents. We would like to show you a description here but the site won’t allow us. There’s way more people who take out these loans than you think. These lenders are also known to be very aggressive in collecting payments, often resorting to threats and violence. EDT. These cartoons are way more shark-tastic than your. Loan shark interest rates are extremely high, sometimes up to 300-400% interest on the loan. loan shark - dịch sang tiếng Việt với Từ điển tiếng Anh-Việt - Cambridge DictionaryUnlike shark loans online, we would never threaten you for repayment. How much will you owe after 2 years? B. Ichiban decides to become the president and help Eri, and with the aid of Nick Ogata, they aim to make their business. How much is 2 points on a vig? A typical vig is two points, or 2\%. These are Finance House and Mawarid Finance — two trusted firms where you can apply for a quick cash loan in Dubai. For example, if you were to obtain a Merchant Cash Advance (MCA) of $40,000, you may be presented with a payment breakdown of $16,000 in interest and fees (aka a factor rate of 1. In case of non-payment by the borrowers, loan sharks often threaten or harass them. For people of low to moderate income and verifiable with pay stub, taxes and W-2. , Varley worked as a contractor for. One convicted loan shark used an influencer to attract victims. The loan shark may be only too eager to use violence if necessary, either to threaten borrowers, punish late payors, or set an example. Vig - Vigorish: Origin: Probably of multiple origins. So to unpack, here's how a legit loan works first, then how a shark loan works: A legit loan lends you money with an interest rate quoted either as an APR (Annual Percentage Rate) or APY (Annual Percentage Yield). Loan shark. A loan shark lends you $90 at 2% compound interest per week (this is a weekly, not an annual rate). 11/14 vs LIU Sharks-1800: W 53-76: 11/12 vs Lafayette Leopards-505:. com What is vig on top of the principle?Title: Microsoft PowerPoint - Simple Interest - Calculator - Worksheet B Author: kite Created Date: 4/26/2021 10:42:16 AMA loan shark lends you $80 at 2% compound interest per week (this is a weekly, not an annual rate). The loan fund for these operations came from the proceeds of the numbers racket and was distributed by the top bosses to the lower echelon loan sharks at the rate of 1% or 2% a week. Profits obtained by organized criminal groups from other illegal activities such as drug trafficking and migrant smuggling (see Module 3) have been used to make even more money by lending these profits to. So Patsy goes to Hesh and gets $10,000 to give the client. Vig. Consider the idea of Jewish loan sharks, raising the "vig", or Shylock desiring his pound of flesh. What is a vig loan? Financial Terms By: v. The image of Jews as sharks has also been around for a long time. Lee Myung-soon, Financial Services Commission director general on consumer finance, center, announcing government measures against financial fraud with officials from other government departments, including the Justice Ministry, the police and the tax agency at. ) A commission, finder's fee, or similar extra charge. The latest puzzle is: NYT 11/18/23. There are several ways to describe the vigorish. 1 Loan shark is a term commonly used to describe a moneylender who charges extremely high rates of interest, typically under illegal conditions. Maximum finance charge: $15. 99%. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Vigicrues : Carte de vigilance crues nationale. Gangster movies often have characters mention interest rates on loans, much like Morrie in this scene from Goodfellas saying he "didn't agreed to 3 points above the vig. ) Round your answers to the nearest dollars A. Points are the percentage you pay in interest on a loan ( aka the "vigorish" or "vig"). In some cases, a loan shark may be connected to a criminal organization or might at least imply this to intimidate borrowers. " Find the sharks vig. What is a loan shark’s vig also worth asking? What is the origin of the term “vigorish” or “vig” used by loan sharks?. Look here now. 36 likes. pawn something is a good idea. We have briefly discussed the implications of illegal and legal. Financial serviceThese meanings may be due to “money’s ‘lubricant’ properties. Vigorish, or "vig", meaning the juice, or interest collected when a loan is paid back overdue. Mugs. How much will you owe after 3 years?. WAY more. You can get in touch with them on 0875511643, email: You will be simply be swapping one set of problems for. they will change your due dates, let you skip a payment, aren’t assholes about your bad finances, etc. The court sentenced her to 51 months in. If you can’t make your full weekly interest payment ( the vig ) the amount your short gets added on to the principal. There's no paying $10k taking the principle down to 90k. vigorish; juice; overround So easy math wise guys loans you 10,000 at 3 points or 30% it’s not a 3,000 a week vig. $35. 1 But these laws provided little effective protection to borrowers. A unit of quantity equal to 10 63 (1 followed by 63 zeros). Points are the percentage you pay in interest on a loan ( aka the "vigorish" or "vig"). How to find loan sharks online. I would check them out. The rate quoted is how much of the principal you pay in interest, assuming you stick to a payment schedule. See more of Loan sharks vig on Facebook. The rate of interest is 15% and the time period is biweekly. My name is , we located inLoan sharks vig. A loan shark is a person, normally within a professional network or organized crime group, who provides loans at high interest rates. A loan shark person is a person who lends money at exorbitant interest rates and is an American expression first attested from the early 20th century. a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. uk. A person who makes illegal loans, usually by charging an extraordinarily high interest rate. orLoan shark vig. I need help getting a $4,000 loan I need to find a loan shark do you know how to go about doing this. Perez (defendant) was a loan shark. It would limit the amount of interest lenders can charge on any type of loan, anywhere in the nation, to 15%. Miner. LOAN SHARK: Usurer Advertisement. Investing History funny cartoons from CartoonStock directory - the world's largest on-line collection of cartoons and comics.