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Exact(3)
Smulian was looking forward to a substantial payday.
Beneficiaries of a substantial payday, like a lottery winner, an heir to an estate or a shareholder in a company that goes public, may suddenly confront a wide range of life choices that they scarcely could have imagined.
The sale of United – whose brands include Jacob's, Twiglets, Mini Cheddars, and Carr's – will deliver a substantial payday for its private equity owners, Blackstone and PAI Partners, which teamed up to buy the business for £1.6bn in 2006.
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According to the white paper, the proposed Postal Card would cost users less than half what they pay for prepaid cards now, and Postal Loans would cost them less than one-tenth the cost of a payday loan, a substantial savings for the poor.
"The very economics of the payday lending business model depend on a substantial percentage of borrowers being unable to repay the loan and borrowing again and again at high interest rates," said Richard Cordray, the consumer agency's director.
Likewise, payday lenders and debt collectors also are enjoying substantial growth because of the dwindling financial security of Americans.
If you use a payday loan responsibly, it can make life easier, but if you don't, the financial damage can be substantial.
Another payday.
Payday Advance!
His payday: $3.9 billion.
No big payday.
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