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Payday Loan
(redirected from Payday lending)

    Also found in: Wikipedia 0.01 sec.
Payday Loan
A short-term loan expected to be repaid before the borrower's next pay day. Frequently, the borrower collateralizes a payday loan by presenting a postdated check for the amount of the loan (plus interest). The lender simply deposits the check on the agreed-upon date. Interest rates on payday loans are notoriously high.
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This closely tracks the position on the question of the future of payday lending taken by the payday lenders themselves.
What if payday loans go away? by Morrison, David / Credit Union Times
The coalition against payday lending is broad and deep, with opponents surfacing in unexpected places.
Payday of reckoning: new laws aimed at kneecapping payday lenders ... by Mangu-Ward, Katherine / Reason
IT IS GOOD NEWS THAT ALL THE payday lending stores in Arkansas have ceased ripping off Arkansans with more than 300 percent interest rates--a clear violation of the state Constitution that we still can't believe was allowed to continue for a decade.
Payday comes by Arkansas Business
 
 
 
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