The profit margin on payday loans is not nearly as good as one would think. I know that there are concerns about allowing people to fall into traps, but the sta

The profit margin on payday loans is not nearly as good as one would think. I know that there are concerns about allowing people to fall into traps, but the statistics on profit margin make me think that these companies are not predatory. The high interest rate on these loans doesn't go into heaps of profit so much as it reflects the true costs to offer this type of loan. In some ideal libertarian-ish world, these payday loan shops would still be allowed to exist, but nobody would use them, because they would recognize them as a bad deal. This is not the world we live in. I'll just link to the google results regarding profit margin, because my first result was from adamsmith.org, and I'm at least trying to present my evidence neutrally. https://www.google.com/search?q=profit+margin+on+payday+loans&rlz=1C1NHXL_enUS715US715&oq=profit+margin+on+payday+loans&aqs=chrome..69i57j0.6796j0j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=profit+margin+on+payday+loan...