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 preying on desperate customers with exorbitant interest rates. They often operate illegally and use aggressive tactics to collect payments. Refinancing companies, captive companies, and business credit companies do not necessarily target higher-risk customers or charge unfairly high interest rates.

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