On a trip a year ago to a community company that gets capital through the Catholic Campaign for Human Development, we heard the tale of a lady involved in a store, scarcely maintaining her mind above water. Once the bills accumulated, she took away a two-week pay day loan. Half a year later on, she ended up being nevertheless repaying the mortgage. It was вЂњrolledвЂќ multiple times. Although she had paid charges add up to the first loan several times over, she nevertheless owed more. The costs and interest worked off to mortgage of near 200per cent APR (annualized portion price). Welcome to the perverse realm of predatory financing, where in fact the one who requires a lifeline gets tossed a boulder.