Los Angeles Lawyer Advice on Steps to Take if Loan Sharks Harass You
We have heard a lot about loan sharks and the notoriety attached to them. Movies have often portrayed them as part of the underworld sought by financially strapped individuals in search of a way out of an obligation. But at what price? The first meetings with loan sharks usually seem friendly. This is part of their ploy to gain your trust and convince you to borrow money from them. But once they begin harassing you, you should immediately reach out to a harassment lawyer LA.
Consult with a financial advisor
Before you borrow money, it’s recommended that you first consult with a legal financial advisor about your lending concerns. You might get to avoid loan sharks if you do this. Moreover, you can also discover better and safer methods of borrowing money based on the descriptions that your loan advisor will give. Remember that taking a loan isn’t bad, provided you know how to manage your money, especially in terms of payments.
Stay calm and report any harassment
If you do resort to borrowing from a loan shark, what happens when they start harassing you? First, stay calm. Don’t show the loan shark that you know about their harassment efforts. Otherwise, you risk getting yourself into more trouble. The next thing to do is to report them to the authorities. Provide the authorities with all of the information about the loan shark you borrowed money from.
Sharing this information allows the authorities to act right away. Having records of your past transactions with the loan shark will help with the investigation. An important thing to note is that you should ensure that the authorities have all of the details you have shared about the loan shark. Do all of this before contacting a Los Angeles harassment lawyer.
Dealing with loan shark debt
One thing to remember when you borrow money from a loan shark is that you haven’t done something illegal. This means you will not get into trouble with the authorities. Although it’s illegal to lend money without a license, it isn’t illegal to borrow money from a loan shark.
In fact, you don’t even have to pay back the money. Since you borrowed the money illegally, the loan shark will have no legal right to collect it. What’s worse for them is that they can’t take you to court to get their money back. But if you’re worried about your safety because of their harassment, don’t stop making payments. Instead, get legal advice from a harassment lawyer.
Get legal advice now
Loan sharks usually lend money while doing other illegal businesses. The techniques loan sharks use on how to lend money then collect money may vary a lot. If you live in the Los Angeles area and you have some issues with loan sharks harassing you, you need to consult with a lawyer.
Call us at Jance Weberman Law at (213) 386-9100 to speak with one of our seasoned lawyers. We will not judge your actions and we will hold everything that you tell us in strict confidence. Call us now so that we can create a tailored solution that will help you deal with your debts.