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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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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.

The companies operate in a legal gray area that allows them to function much like a payday lender but without the consumer-protection rules that govern those businesses.

From Los Angeles Times • May 25, 2023

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

From New York Times • Mar. 9, 2023

“To what extent is the White House and the chief of staff actively involved in the payday lender issues? What role has the White House taken?”

From Washington Post • Nov. 20, 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 never considered itself to be a payday lender, preferring instead to describe itself as a maverick technology company that happened to sell loans.

From BBC • Aug. 29, 2018

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