Loan Sharks And Loan Shark Legislation in Illinois
Loan Sharks And Loan Shark Legislation in Illinois
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In our eReader you can find the full English version of the book. Read Loan Sharks And Loan Shark Legislation in Illinois Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Loan Sharks And Loan Shark Legislation in Illinois
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Still another method of getting in touch with prospects is that of ex- changing names with other money-lenders, the names exchanged being those of former customers who have ceased to be profitable to the original firm.
The essence of the power of the loan shark over his victim in Chicago as elsewhere is the victim's ignorance, first, ignorance, due to carelessness in many instances, of the obligations which he signs when he receives his loan; second, ignorance as to what his rights really are u...nder the law; third, ignorance as to the means of redress which are available after he has discovered the plight in which he is. With reference to the first of these the loan -shark system has worked out an elaborate set of forms ) guarantees and assignments, which the borrower is required to sign before he can get the money. Usually he does not read the papers signed, and if he should he would not dare protest, for he wants the money and he is made to feel all the while that the lender is doing him a personal favor by letting him have it, and therefore, he must not ask too many questions.
What to read after Loan Sharks And Loan Shark Legislation in Illinois?
You can find similar books in the "Read Also" column, or choose other free books by Earle Edward Eubank to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Still another method of getting in touch with prospects is that of ex- changing names with other money-lenders, the names exchanged being those of former customers who have ceased to be profitable to the original firm.
The essence of the power of the loan shark over his victim in Chicago as elsewhere is the victim's ignorance, first, ignorance, due to carelessness in many instances, of the obligations which he signs when he receives his loan; second, ignorance as to what his rights really are u...nder the law; third, ignorance as to the means of redress which are available after he has discovered the plight in which he is. With reference to the first of these the loan -shark system has worked out an elaborate set of forms ) guarantees and assignments, which the borrower is required to sign before he can get the money. Usually he does not read the papers signed, and if he should he would not dare protest, for he wants the money and he is made to feel all the while that the lender is doing him a personal favor by letting him have it, and therefore, he must not ask too many questions.
What to read after Loan Sharks And Loan Shark Legislation in Illinois?
You can find similar books in the "Read Also" column, or choose other free books by Earle Edward Eubank to read onlineMoreLess
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