Moneylender

A moneylender is a person or group who offers small personal loans at high rates of interest. The high interest rates charged by them is justified in many cases by the risk involved. They play an active role in lending in places with less access to banking activities or in situations where borrowers do not have good credit history. In India licensed money lenders are governed by Money Lenders Acts of respective states.

Other articles related to "moneylenders, moneylender":

Consumer Credit Act 1974 - Background - Early Evolution of Consumer Protection
... Outside of these acts, however, little was done between 1854 and 1900, and moneylenders used this to their advantage, sometimes abusively the report of the House of ... As a result of this report the Moneylenders Act 1900 was passed, which required registration for moneylenders and allowed the courts to dissolve "unfair" moneylending agreements ... of the debtors who would like to sue their moneylender to have the agreement cancelled were by definition poor, and could not afford legal representation ...
Abu Bakar Of Johor - Administration of Johor - Years As Temenggong (1862–1868)
... who had borrowed a large sum of money from an Indian moneylender in 1860, became a source of irritation for Abu Bakar ... Facing difficulties with paying back his debts to the moneylender, Sultan Ali called upon Abu Bakar to divert the payment of his monthly pension to the moneylender but alternated between recalling back the ... In 1866, when the moneylender lodged a complaint to the British government, Sultan Ali attempted to borrow a sum of money from Abu Bakar to repay his outstanding debts ...