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A loan shark is a person or body who offers loans at extremely high interest rates usually without holding relevant authorization from the local financial regulator (illegally). The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans.[page needed][page needed]
Unfortunately, an unintended consequence of poverty alleviation initiatives can be that loan sharks borrow from formal microfinance lenders and lend on to poor borrowers. Loan sharks sometimes enforce repayment by blackmail or threats of violence. Historically, many moneylenders skirted between legal and criminal activity. In the recent western world, loan sharks have been a feature of the criminal underworld.
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"When I have to approve a loan disbursal of 5,000 crores, I realize how impactful my decisions are! I don't think I would get an opportunity of this magnitude so early in my career at any other bank"
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Current Loan Clerk Job Posting
Loan and Distribution Clerk () - Roseville, CA
Loan Processor (Modis) - Saint Paul, MN
Loan Clerk (Kellogg Community Credit Union) - Battle Creek, MI
Loan Service Clerk (Express Employment Professionals) - Morgantown, WV
Loan Processing Verification Clerk (Municipal Credit Union) - New York City, NY
File Clerk/Office Assistant (Tower Loan) - Flowood, MS 39232
Admin Clerk (Action Financial Services, LLC) - Medford, OR
General Administrative Clerk (Atkins Kroll, Inc.) - Tamuning, GU 96913
Loan Support Professionals (OfficeTeam) - Saint Paul, MN
Temporary Clerical Clerk - Loan Department (Express Employment Professionals) - Springfield, MO
Note department clerk (Pavillion Bank) - Richardson, TX 75080
Payroll Clerk/Accounts Payable (Robert Half) - Austell, GA
Cashier / Accounting Clerk () - Columbus, OH
Mail Courier / Clerk Ii (BBVA Compass) - Birmingham, AL
New Business Loan Professionals (OfficeTeam) - Saint Paul, MN
Health Information Clerk (University of Minnesota) - Minneapolis-Saint Paul, MN
Mailroom Clerk (AAA Northeast) - Providence, RI
Library Clerk (Hedgelan Consulting) - Beltsville, MD
New Loan Professionals (OfficeTeam) - Saint Paul, MN
Loan and Distribution Clerk () - Roseville, CA
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