high-interest loans
Expensive borrowed money
High-interest loans are loans with rates significantly above market average, often targeting borrowers with poor credit or urgent need.
Payday loans, title loans, and some credit cards fall into this category.
The high rates compensate lenders for risk but can trap borrowers in cycles of debt: She took out a high-interest loan to cover rent and spent years paying it off.
- paydayScheduled compensation date
- pay stubEarnings and deductions summary
- predatoryExploiting the vulnerable
- usuryExtortionate money lending
- debtMoney owed another
debt trap · trap · desperation · APR · balloon payment · shark · fine print · fees · installment · subprime · quicksand · default · collection · paycheck · check cashing · pawnshop · title · rollover
- loan termsloan term, short-term, long-term, adjustable rate, fixed rate
high-interest loansfair lending
Nondiscriminatory loan provision
grants · charitable giving · gifts · interest-free loans · microfinance
higher, highest, highly, highness, height, heighten, heightened, heightening, interest