- Apr 8, 2006
Unsecured loans are things like overdraft from the banks, personal loans from banks, short term credit from registered providers.It says "unsecured loans" - surely this includes loan sharks as well? Apart from the official loan sharks like wonga etc? And if it is not listed, how would govt clear it?
The government can't clear loan shark debt.... they don't know about it and the loan sharks would ignore them anyway.