re: Just took on a client who took out pay day loans

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I wouldn't go that far, but using APR to characterize payday loans is just totally absurd.

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I don’t know. Credit card interest rates are described using APR as well, and people use them all the time for covering bills until the next paycheck (whether it’s responsible or not).

It seems to me that most people in these types of situations would use a credit card for the same purpose if it were an option, so I think the APR comparison is meaningful.