payday lender
noun
a person or group that offers short-term loans, in advance of payday, at high rates of interest
payday loan
-
a word derived from
payday lender.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Just look at Wonga, the British payday loan company that collapsed into administration in 2018 after being accused of predatory lending for years.
From Barron's ● Nov. 18, 2025
If you need money now, then a tax refund advance loan is probably better than a payday loan or a title loans that have exorbitant interest rates, often up to 300% APR.
From Salon ● Mar. 3, 2025
Similar to a high-cost payday loan, these apps offer workers emergency cash ahead of proven, upcoming paychecks.
From Los Angeles Times ● May 25, 2023
The payday loan industry trade groups filed their lawsuit in 2018.
From Reuters ● Feb. 27, 2023
With more people struggling this year, and payday loan companies such as Wonga and Quickquid no longer operating, the concern is that more people will turn to illegal lenders to make ends meet.
From BBC ● Nov. 23, 2022
