Quote: jonny the leyther "
If you don't like the APR on a loan, don't take it out.'"
That's a rather silly response.
The serious point is that such companies prey on people who have no other options. With the choice of starve and freeze or take a loan to feed your kids, what would you do?
It's perverse that the more you need money, the more you have to pay to borrow. If, as they say, it is to reflect risk, they would charge less, not more.
Banking is corrupt.
Nearly got into a rant there...