Loan shark who demands 50% interest says he's an 'emergency service'

A loan shark who demands 50 per cent interest on payments has claimed he's an 'emergency service' for families and has used violence to get money back - as figures show 3.3million Brits used illegal lenders in last three years. The lender - who demands 50 per cent interest on the money he doles out - said that all of his victims have paid up in a chilling interview as he admitted to making 'physical contact' those who haven't been able to do so immediately. It comes amid a spike in the criminal activity - with a third of Brits are said to have used one to pay their bills. 'The people that I lend money to, payday loans bad credit they can't go through the normal route,' an active loan shark, online payday loans no credit check disguised in a face-scarf and tinted sunglasses, told Good Morning Britain. 'So you borrow £1,000 off me, you pay back £1,500. I think of myself almost like an emergency service. People come to me when they're desperate.' The lender (pictured) - who demands 50 per cent interest on the money he doles out - said that all of his victims have paid up in a chilling interview Bank of Dave hero Dave Fishwick (pictured), loans online instant approval who had interviewed the loan shark, slammed the man as 'just wrong'  He continued: 'I don't get up in the morning and think today I'm going to do this, payday loans online 5 minute approval I might get caught.  In the event you loved this post and you would like to receive more information about payday loans no credit check kindly visit our own web-page.