The word "usurious" means charging an excessively high interest rate on a loan. Basically, it refers to a situation where someone lends money and demands too much money in return as interest. Full definition
They sell your tax return data, underreport your income, try to force you to take loans at usurious rates, and steer you towards retirement products that only benefit themselves. (allfinancialmatters.com)
You can expect to pay usurious interest rates because of your bad credit. (badcreditloanservices.com)
But Mary Terzino, a Michigan - based lawyer who has studied litigation and legal funding for some years, said, «I think that as a matter of public policy, lawsuit lending often results in usurious loans.» (legalnewsline.com)