Finance companies that prey on desperate higher-risk customers charging unfairly exorbitant interest rates are referred to as

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Loan shark companies are known for charging extremely high interest rates and preying on borrowers who are desperate and higher-risk. They often use intimidation tactics to collect payments and can trap customers in a cycle of debt. Other options such as refinancing, business credit, and personal credit companies may offer more reasonable rates and terms. Captive companies typically refer to those owned by a parent company, rather than predatory lending practices.

Finance Companies That Prey on Desperate Higher-Risk Customers Charging Unfairly