As other have said, that's why bankruptcy exists. Also, loans like this aren't a 1-year repayment, it's a much shorter window, so you are not paying 36% more,

As other have said, that's why bankruptcy exists. Also, loans like this aren't a 1-year repayment, it's a much shorter window, so you are not paying 36% more, you will pay likely in a shorter time window. While 36% looks bad, these kinds of loans can be helpful to people. Just because it looks scary to you, people go to these kinds of tools because they need them. When those tools are taken away, they will go down riskier paths, or fail to pay bills (which can lead to worse outcomes). Don't treat everyone like they can't think for themselves and understand what they are getting into. Sometimes solutions like these are needed.