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payday lender

British  

noun

  1. a person or group that offers short-term loans, in advance of payday, at high rates of interest

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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Keeping people indebted is, of course, the ideal outcome for the payday lender.

From New York Times Mar. 9, 2023

One of the companies that had to pay only 100 pennies was a Tennessee payday lender called Main Street Personal Finance that allegedly duped consumers with “deceptive finance charge disclosures.”

From Los Angeles Times Jan. 11, 2021

They drove past a dollar store, a payday lender and a fast-food restaurant advertising “full-time career opportunities” starting at $7.80 an hour.

From Washington Post Aug. 17, 2019

Seventy-two percent said they received better treatment from a payday lender than from a bank or credit card company, and 75 percent said they were likely to recommend payday loans to friends and family.

From Washington Times Feb. 26, 2019

Wonga, which was the UK's biggest payday lender, had faced criticism for its high-cost, short-term loans, seen as targeting the vulnerable.

From BBC Aug. 30, 2018

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