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Meaning of "payday lender" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF PAYDAY LENDER

payday lender play
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GRAMMATICAL CATEGORY OF PAYDAY LENDER

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Payday lender is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PAYDAY LENDER MEAN IN ENGLISH?

payday lender

Payday loan

A payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states. To prevent usury, some jurisdictions limit the annual percentage rate that any lender, including payday lenders, can charge. Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders. There are many different ways to calculate annual percentage rate of a loan. Depending on which method is used, the rate calculated may differ dramatically. E.g., for a $15 charge on a $100 14-day payday loan, it could be anywhere from 391% to 3733%. Payday loans carry substantial risk to the lender; they have a default rate of 10–20%, with other sources citing 5% per month.

Definition of payday lender in the English dictionary

The definition of payday lender in the dictionary is a person or group that offers short-term loans, in advance of payday, at high rates of interest.

WORDS THAT BEGIN LIKE PAYDAY LENDER

pay-cable channel
pay-per-click
pay-per-view
pay-TV
payable
payably
payback
payback period
payback time
payday
PAYE
payee
payer
PAYG
paygrade
paying
paying guest
paying-in book
paying-in slip
payload

WORDS THAT END LIKE PAYDAY LENDER

Alexander
bartender
bender
blender
calender
defender
entender
extender
fender
gender
lavender
lender
offender
pretender
render
sender
slender
surrender
tender
transgender
vender

Synonyms and antonyms of payday lender in the English dictionary of synonyms

SYNONYMS

Translation of «payday lender» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF PAYDAY LENDER

Find out the translation of payday lender to 25 languages with our English multilingual translator.
The translations of payday lender from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «payday lender» in English.

Translator English - Chinese

发薪日贷款
1,325 millions of speakers

Translator English - Spanish

prestamista de día de pago
570 millions of speakers

English

payday lender
510 millions of speakers

Translator English - Hindi

payday ऋणदाता
380 millions of speakers
ar

Translator English - Arabic

يوم الدفع المقرض
280 millions of speakers

Translator English - Russian

зарплаты кредитор
278 millions of speakers

Translator English - Portuguese

payday
270 millions of speakers

Translator English - Bengali

Payday ঋণদাতা
260 millions of speakers

Translator English - French

prêteur
220 millions of speakers

Translator English - Malay

Pemberi pinjaman habis bulan
190 millions of speakers

Translator English - German

Zahltag Kreditgeber
180 millions of speakers

Translator English - Japanese

給料日の貸し手
130 millions of speakers

Translator English - Korean

월급 날 대출
85 millions of speakers

Translator English - Javanese

Payday lender
85 millions of speakers
vi

Translator English - Vietnamese

payday cho vay
80 millions of speakers

Translator English - Tamil

ஊதியம் வழங்குபவர்
75 millions of speakers

Translator English - Marathi

पेडएड देणारा
75 millions of speakers

Translator English - Turkish

Maaş günü borç veren
70 millions of speakers

Translator English - Italian

payday mutuante
65 millions of speakers

Translator English - Polish

wypłaty pożyczkodawcy
50 millions of speakers

Translator English - Ukrainian

зарплати кредитор
40 millions of speakers

Translator English - Romanian

payday creditor
30 millions of speakers
el

Translator English - Greek

payday δανειστή
15 millions of speakers
af

Translator English - Afrikaans

payday uitlener
14 millions of speakers
sv

Translator English - Swedish

avlöningsdag långivare
10 millions of speakers
no

Translator English - Norwegian

lønning utlåner
5 millions of speakers

Trends of use of payday lender

TRENDS

TENDENCIES OF USE OF THE TERM «PAYDAY LENDER»

The term «payday lender» is regularly used and occupies the 94.413 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
56
/100
The map shown above gives the frequency of use of the term «payday lender» in the different countries.
Principal search tendencies and common uses of payday lender
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «payday lender».

FREQUENCY OF USE OF THE TERM «PAYDAY LENDER» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «payday lender» during the past 500 years. Its implementation is based on analysing how often the term «payday lender» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about payday lender

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PAYDAY LENDER»

Discover the use of payday lender in the following bibliographical selection. Books relating to payday lender and brief extracts from same to provide context of its use in English literature.
1
Payday Loans and Cash Advance: Pros and Cons - Mistakes and ...
Unauthorized transfers - If you think that your payday lender is withdrawing more money from your checking account than you authorized, you should tell your bank or credit union that you are having trouble with “unauthorized transfers.
James Stuart
2
Financial Institutions and Markets: Current Issues in ...
Note that the figure is now occupied by the purchaser (the payday customer), the payday lender, and their respective banks. The merchant and the merchant's bank are included in the diagram merely for convenience, to remind us that the ...
Robert R. Bliss, George G. Kaufman, 2008
3
Solve Your Money Troubles: Debt, Credit & Bankruptcy
The money you borrow (minus the lender's fee) is deposited directly to your account or card and the payday lender withdraws the payment when due. If you need another loan that week, the lender charges an additional fee, and so on.
Robin Leonard, Margaret Reiter, 2013
4
Economics: A Contemporary Introduction
For example, the borrower writes a post-dated check for $300 to the payday lender, and gets $255 in cash. The lender holds onto the check until the next payday, two weeks later, then cashes it, netting $45 on the transaction. Or the borrower ...
William A. McEachern, 2011
5
Congressional Record, V. 146, Pt. 1, January 24, 2000 to ...
If it is poor credit which drives a borrower to a payday lender, the borrower is likely to find himself in still deeper water after taking one of these high interest loans. For example, in Tennessee — the state with the highest bankruptcy rate in the ...
Congress (U.S.)
6
Moving Forward: The Future of Consumer Credit and Mortgage ...
For individuals with household incomes under $20,000, these figures are 27 and 39 percent, respectively.15 No group of respondents said that their first choice would be a payday lender. In the CFSI study, only 2 percent of unbanked and ...
Nicolas Paul Retsinas, Eric S. Belsky, 2011
7
Macroeconomics: A Contemporary Introduction
Payday lending began in Arizona in 2000 and peaked at 715 stores there. Nationally, payday lender stores reached into the tens of thousands. Here are some questions: Do payday loans benefit an underserved population by providing ready ...
William A. McEachern, 2011
8
Senate Journal
... that accomplish this objective. I am further partially vetoing section 14, as it relates to interest that may be charged after the maturity date of a payday loan. I object to allowing a licensed payday lender to charge interest after maturity on loans.
Wisconsin. Legislature. Senate, 2009
9
Payday Lending: Federal Law Enforcement Uses a MultiLayered ...
7One payday lender with whom we spoke reported seeing an increase in customers with higher incomes, some up to $70,000. 8Who Borrows From Payday Lenders and Congressional Research Service, Payday. Page 6 GAO-11- 147 Payday ...
Alicia Puente Cackley, 2011
10
Bankruptcy Law
When they needed $300 to pay their winter heating bill, Andrew borrowed it from a payday lender. The fee was $48 for a two-week loan that would be due on his next payday. Unfortu-nately, Andrew's car broke down on the way to work one ...
Sandra Coaxum Allen, 2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «PAYDAY LENDER»

Find out what the national and international press are talking about and how the term payday lender is used in the context of the following news items.
1
Montgomery NAACP shows dangers of predatory lending
Libby Byrd works at a payday lender in Montgomery and attended the meeting Saturday to get perspective on the business. She used to work ... «Montgomery Advertiser, Jul 15»
2
Ard: City 'lacks direction'
... a compromise schedule that he believes saved the ice rink and establishing a regulation that limits how close payday lender businesses can ... «The Decatur Daily, Jul 15»
3
3 long-term investments on the top of my buy list right now
Cash Converters International Ltd (ASX: CCV) – I have been a long-term holder of the payday lender and I can tell you first hand that it has not ... «Motley Fool Australia, Jul 15»
4
July 22, 2015: NJTV News with Mary Alice Williams
New Jersey's outlawed payday loans. So how is it possible that state worker pension funds were used to purchase a payday lender? Consumer ... «NJTV News, Jul 15»
5
NJ State Investment Council Confronts Downside of Diversification …
The state's ties to the payday lender come through a $50 million investment in New York-based JLL Partners that was launched a decade ago. «NJ Spotlight, Jul 15»
6
Payday lender laws helping loan sharks, says CFA
RISING numbers of borrowers have been forced to use loan sharks since the introduction of tighter rules governing payday lenders, according ... «The National, Jul 15»
7
First-Half Earnings From Payday Lenders May Show The Industry Is …
The payday lender ends up profiting hugely, which is reflected in their ... This month, the firm initiated coverage of the payday lender with a ... «Seeking Alpha, Jul 15»
8
Judge Allows Appeal Of Tribal Payday Loan Arbitration Order
... proposed class action alleging CashCall Inc. violated state usury law in servicing loans from tribal payday lender Western Sky Financial LLC. «Law360, Jul 15»
9
Payday Loan Class Actions Could Make a Comeback
Washington, DC: Payday lender shops that offer quick and not-many-questions-asked loans have been pretty much immune to class-action ... «LawyersandSettlements.com, Jul 15»
10
Payday lender exits Maine, but group wants federal oversight
TJI_payday loans_071615 RepubliCash, one of the largest payday lenders left in Maine, stepped in quickly on Monday scarcely 48 hours after ... «Portland Phoenix, Jul 15»

REFERENCE
« EDUCALINGO. Payday lender [online]. Available <https://educalingo.com/en/dic-en/payday-lender>. May 2024 ».
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