&gt; I&#x27;m still of the opinion that using APR&#x27;s to describe a loan held for ~a week is about as useful as the weatherman giving you the forecast in degrees kelvin: technically correct, but completely worthless.<p>It&#x27;s a comparative figure, which is particularly important for underscoring the consequences of owing money in the long term.<p>&gt; &quot;Get $300, pay it back plus $30 a week later&quot; is much more relatable.<p>That&#x27;s certainly OK to show in the UK, you just <i>also</i> have to show the APR.<p>&gt; And isn&#x27;t a bad deal, when you need cash now.<p>Assuming you can pay pack $330 next week and don&#x27;t need to borrow $330 to pay $363 the week after...<p>&gt; &quot;Missing a payment&quot; isn&#x27;t even a thing you can have happen on most classes of payday loan. You have to provide a pay stub, and a post-dated check, and the money just gets taken out on the day of.<p>Again in the UK, but this is certainly possible. A post dated cheque can bounce, and should never be given out in the first place (you can cash them at any time).