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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

Other Word Forms

  • payday loan noun

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.

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

From New York Times • Mar. 9, 2023

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

From Los Angeles Times • May 18, 2022

The original rule would have limited how often a payday lender could attempt to take money from a customer’s account, addressing advocates’ complaints that they were running up significant overdraft penalties.

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

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