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Loan Shark Prevention Act – What It Is and How It Would Affect You

Debt & Credit Cards

Loan Shark Prevention Act – What It Is and How It Would Affect You


A 2018 study by Northwestern Mutual revealed some sobering statistics on consumer debt in America. It found that the average American has $38,000 in debt, and that figure doesn’t even include mortgage debt. More shockingly, the study found that about 2 out of 10 Americans spend at least 50% of their income on debt repayment. Many stories about […]

Loan Shark Prevention Act – What It Is and How It Would Affect You is a post from Money Crashers.

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