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A "loan shark" is an unofficial, illegal person / organisation who loans money. The advantage of using a loan shark is that there is no [credit check] on your past, so anyone can borrow money from them. THe disadvantages are the extortionate rates of interest and that the loan is secured [on your body]. If you don't pay your installments, you get a [broken leg]. If you miss another, your other leg is broken and it goes on and on.
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