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Showing results for payday lender. Search instead for payday lenders.

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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Example Sentences

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For instance, borrowing $400 over three months from a payday lender typically costs $360 in fees, while banks are charging $24 or less for a loan of the same amount, Pew said.

From New York Times ● Jun. 16, 2023

And it’s cheaper than what a corner payday lender might charge.

From Los Angeles Times ● May 18, 2022

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

In other words, some borrowers simply did not need to borrow from a payday lender, but were attracted towards these high-cost, short-term loans anyway.

From BBC ● Aug. 29, 2018

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