Illicit loan sharking is treated as a high-level crime by law - TopicsExpress

Illicit loan sharking is treated as a high-level crime by law enforcement, yet payday loan corporations can legally offer ~2000% APR loans to financially ill-advised customers who have no means to make repayments. Once the customer has failed to make repayments he becomes victim, which should surely infer that the corporation becomes criminal, yet in the eyes of the law the opposite is held true. Corporations should refrain from taking advantage of the poor and retain their dignity. #QuickQuid #Wonga #UKPaydayToday

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