extortionate rate

Examples (10)

• The bank charged an extortionate rate of 25% interest on personal loans.
• Many payday lenders are criticized for their extortionate rates that trap borrowers in debt.
• The taxi driver tried to charge tourists an extortionate rate for the short journey.
• Credit card companies often impose extortionate rates on cash advances.
• The hotel's minibar prices were set at an extortionate rate compared to local stores.
• Small businesses struggle with extortionate rates from predatory lenders.
• The parking garage charges an extortionate rate of $50 per hour in the city center.
• Insurance companies sometimes demand extortionate rates from high-risk drivers.
• The currency exchange booth offered an extortionate rate that was far below market value.
• Consumers complained about the extortionate rates charged by utility companies during peak hours.