Loan shark or more popular be called as Ah long is dangerous for people today. Ah Long is lending money to people who need it with unreasonable interest rate. Ah Long use legal loaner license as company cover. Instead Ah Long will use any necessary means to get their money with the interest rate back. Even though people know Ah Long is dangerous, still people see Ah Long for money. When Ah Long lends their money, Ah Long and the borrower make a contract as evidence for the deals. If Ah Long gets their money back in time, nothing big will happen. If people whose borrow from Ah Long unable to pay back the money will face a big problem. They always feel they life in threats. Ah Long use the contract as they shield from law. They have the contract to keep pressuring the borrowers to pay the money back.
The question is the contract is valid or can it be voidable or void?
Thus Ah Long business is truly legal by law?
Is the borrower protected by law? Since they were the one who willing to come to Ah Long for money.
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