Money lenders are individuals or institutions that loan money to borrowers with the expectation of receiving interest payments in return. In general, money lenders can be referred to by various synonyms such as pawnbrokers, financial lenders, credit unions, payday lenders, loan sharks, and private lenders. Pawnbrokers are known to offer loans on collateral, i.e., a valuable item is taken as a pledge till the repayment of the loan. Similarly, financial lenders and credit unions operate as regulated financial entities that focus on extending loans at competitive rates. On the other hand, payday lenders are associated with short-term loans that can come with a high-interest rate, while loan sharks are illegal and operate outside the realm of regulatory oversight. Lastly, private lenders are individuals who lend money to borrowers directly.