0 an amount of money that is lent to someone by a company for a short time at a very high rate of interest : --
1 a small loan from a bank, etc. that must be paid back when the borrower receives their next pay: --
The website includes information about: mortgages, payday loans, credit cards, debt collection, credit reports, car financing, car title loans, rent to own, and tax refund anticipation loans.
In the more recent innovation of online payday loans, consumers complete the loan application online (or in some instances via fax, especially where documentation is required).
Most borrowers use payday loans to cover ordinary living expenses over the course of months, not unexpected emergencies over the course of weeks.
There she specialized in payday loans, fair debt collection, unemployment compensation, child custody, and domestic violence issues.
Some payroll cards are cheaper than payday loans available from cheque cashing stores, but others are not.
It focusses on low-income or bad-credit consumers, providing short term loans (payday loans), pawnbroking and gold buying services.
Terms such as sub-prime lending, non-standard consumer credit, and payday loans are often used in connection with this type of consumer finance.
Payday loans carry substantial risk to the lender; they have a default rate of 1020%, with other sources citing 5% per month.
