Definition of «money lenders»

The term "Money Lender" refers to a person or an institution that provides loans and charges interest for doing so. In other words, they are individuals who give out money in exchange for repayment with added interest. Moneylenders can be banks, credit unions, private lenders, or even family members. They typically offer short-term loans at high rates of interest to people who may have difficulty obtaining credit from traditional sources such as a bank.

Sentences with «money lenders»

  • Know what is the process for hard money lenders in. (marketprocashbuyers.com)
  • If an investor brings a viable deal to a hard money or private money lender in this region, what are lenders willing to lend? (biggerpockets.com)
  • Other hard money lenders in Long beach get a bad reputation for hiding conditions and failing to be honest about their loans and clients. (hardmoneyfirst.com)
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