Honestly, it all sounds like a crock. If these predators weren't allowed to treat these people like sharecroppers on their manor, then banks would step in at a

Honestly, it all sounds like a crock. If these predators weren't allowed to treat these people like sharecroppers on their manor, then banks would step in at a lower rate. There is money to be made, even with the risk. It is only because financial predation is not illegal that it happens. The scam is not limited to payday loans, though - look at Rent-a-Center type places also, for a close runner up in sleaze.