Top Definition
1. What a credit company or subprime mortgage agent has in you when you are maxed out, can't pay and they've tripled the interest rate they charge.

2. A lending company that deliberately suckers in distressed lenders knowing they'll pay the minimum while they can raise their interest rates upteen million times. The act of making them pay through the nose is having their greedhooks in their "customers."

greed + meathooks
ABC credit lending gave me a preapproved $5000.00 loan, so I took it because I had bills piling up. Now I got in an accident and lost my job. Now the company has their greedhooks in me.
by Astor G. March 20, 2008

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