I think those Payday loan places should be illegal. They are nothing more than legal larcenists.
I was watching Dateline (or one of those programs), about ten years ago. A New Jersey policeman was on the show. He said he would rather borrow money from The Mob, than one of those places. The interviewer said: "but you could get your legs broken, if you don't repay them". The officer said he preferred broken legs to the ~ sometimes ~ 600% interest that is charged.
We have one of those shops on nearly every corner of our town. I get nauseous when I see people standing in line, waiting for their loans.