illegal lending

Illegal lending involves providing loans without adhering to legal regulations, licensing requirements, or proper contractual procedures. Often, these lenders charge excessively high interest rates, use threats or intimidation, or do not offer clear terms. Such activities can trap borrowers in cycles of debt and evade consumer protections. Since these lenders operate outside the law, their practices are risky and can lead to financial loss or legal trouble for borrowers. It is essential to seek loans from authorized and licensed institutions to ensure fair treatment, transparency, and legal recourse.