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Showing results for payday lender. Search instead for predatory 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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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

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