Payday Loans - A relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next wage., Loan Shark - A moneylender who charges extremely high rates of interest, typically under illegal conditions., Court Fine - A fine is the most common form of punishment given for an offence given by the criminal courts. The judge will decide how much the fine is and any other costs that must be paid. The fine must be paid by a certain date., Poor Credit Rating - A credit rating determines whether or not a borrower will be approved for credit and at what interest rate. Having a poor credit rating indicates that the person may not be able to make their repayments., Eviction - The act of expelling someone from a property., Overdraft - A form of debt that is repayable on demand.  It lets you borrow money through your current account., Bank Loan - The lending of money from a bank to an individual. This will need to be repaid along with interest., Mortgage - A loan where property is used as collateral.,

Finance

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