Tag:shop=money_lender

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Public-images-osm logo.svg shop = money_lender
Osm element tag.svg
Description
Shop offering small personal loans at high rates of interest
Used on these elements
may be used on nodesshould not be used on waysmay be used on areasshould not be used on relations
Wikidata
Status: in use

A moneylender offers small personal loans at high rates of interest, usually higher rates than the market rate charged on credit cards or on bank overdrafts. A recent trend in English-speaking countries has been for appearance of these establishment on the highstreet, and are these often called payday loan. Establishments often advertise with "Payday Loans", "Cheques Cashed". One chain in the UK, "The Money Shop" has over 500 outlets. Many are also pawnbrokers.

Moneylenders are lending to people who would normally be refused credit by most financial institutions because their income may be at or below the poverty threshold or whose credit score indicates that the borrower might be unable to repay the loan. Because personal loans offered are unsecured and the risk of default by the borrower is high, moneylenders charge an effective interest rate that is in the range anywhere between 100% to 400% APR and higher.

How to map

Set a node Node at the center of the feature or draw an area Area along its outline. Tag it with shop=money_lender and name=*.

Tags to use in combination

See Also

Possible Tagging Mistakes

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If you know places with this tag, verify if it could be tagged with another tag.
Automated edits are strongly discouraged unless you really know what you are doing!
If you know places with this tag, verify if it could be tagged with another tag.
Automated edits are strongly discouraged unless you really know what you are doing!
If you know places with this tag, verify if it could be tagged with another tag.
Automated edits are strongly discouraged unless you really know what you are doing!
If you know places with this tag, verify if it could be tagged with another tag.
Automated edits are strongly discouraged unless you really know what you are doing!
If you know places with this tag, verify if it could be tagged with another tag.
Automated edits are strongly discouraged unless you really know what you are doing!
If you know places with this tag, verify if it could be tagged with another tag.
Automated edits are strongly discouraged unless you really know what you are doing!