People on that moral crusade never seem to take the time to actually think about what those words and numbers mean. If a friend let you borrow $100 for 2 weeks, I don&#x27;t think a 6 pack of beer ($8) would be an unreasonable &quot;thank you&quot;&#x2F;interest payment when you pay them back. That would be a 192% APR.<p>These are small, short term loans. Of course the rates become insane when you extrapolate to a year.<p>The other side is a lot of people seem to assume they&#x27;re compounding rates, I have never seen one with compounding interest. Sure, the fees keep accumulating but they are not compounding.