+1 for moving away from the clutches of money lenders. Though, the situation isn't that simple. Money lenders often accept undeclared assets as collateral. So

+1 for moving away from the clutches of money lenders. Though, the situation isn't that simple. Money lenders often accept undeclared assets as collateral. So for some people (the uneducated or the unscrupulous) money lenders are a boon, not a clutch.