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
Part two focuses on the payday loan industry.
From BBC ● Jan. 13, 2025
The case stems from a 2018 lawsuit by the Community Financial Services Association of America and the Consumer Service Alliance of Texas, representing the payday loan industry.
From Reuters ● Sep. 12, 2023
On that page, the agency categorizes title lenders as a fringe banking product similar to a "payday loan," a product illegal in Georgia.
From Salon ● Nov. 15, 2022
If he chose a 15% tip, the total cost would rise to $35.99 with an APR of 547% — corner payday loan territory.
From Los Angeles Times ● May 18, 2022
