Credit Card Glossary: Terms and Definitions
Payday loans are small loans taken out by borrowers as advances against their next paychecks. When figured on an annualized basis, their interest rates are extremely high. These high rates — and the fact that many people “roll over” the loans again and again, racking up huge costs — have made payday loans controversial. Many states have banned them or severely restricted them.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.