Would you take out a loan at 793.8% APR?

[talkabout]

In US there have been prosecutions and convictions re such predatory lending.

There used to be a sea of 'pay-day loans' outfits : you'd sign over your paycheck for a fractional loan , or be obliged to hand in

your paycheck as obligatory repayment. Once such loan is taken out , never get out from under it.

Usually the young and inexperienced , the older and feeble , or the immigrant community who fall prey (<< not having a bank acct) .

Should be illegal altogether -- everywhere imo xx

Desperate(and probably non-numerate at the same time ) people take desperate measures,including enriching the pockets of u usurers.Called pay day loans in England{as mentioned here}.
Once hard an American woman on radio, who took out a $5,000 loan to redecorate her house(hse as security).
Couldn'tmake repayments -lost house.
I'ld say fuck interior decoration(and the interior decorator )before I'ld let that happen.
{I'ld prefer to lose the house ~and the shirt off my back ~over indulging in sex,drugs and rock & roll.