Crossword Genius

Unscrupulous type out on lash with something meant for rainy day? (4,5)

Ross

I believe the answer is:

loan shark

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'unscrupulous type' is the definition.
The answer and definition can be both people as well as being singular nouns.
Maybe you can see a link between them that I don't see?

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for loan shark that I've seen before include "Money lender" , "Unscrupulous moneylender (colloq.)" , "One lends money at excessive rates of interest" , "Usurer" , "Financial dealer" .)

I've seen this clue in The Independent.
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