There were, however, plenty of small lenders offering loans at profitable but illegally high interest rates. Learn how and when to remove these template messages. Because salary lending was a disreputable trade, the owners of these firms often hid from public view, hiring managers to run their offices indirectly. Loansharking is one of the main activities of the Israeli mafia. Bonds Corporate Debenture Government Municipal. By claiming to be charging for the "service" of cashing a paycheck, instead of merely charging interest for a short-term loan, laws that strictly regulate moneylending costs can be effectively bypassed.
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