Full disclosure: my worst job ever was managing a payday/title loan place.

Title loans are the debil. No defense at all. Straight up predatory.

The payday loan charged a flat rate of 15%. You come in and borrow 200. Write us a check for 230. On your payday, come in and give us 230 and we give your check back. Don't pay us and we'll try to deposit that check every week until it clears. No matter how long it takes, you only pay back 15% more than you borrowed.

Some people cam in every payday; pay a loan, borrow a new one. It was sad, but honestly no different than people carrying a balance on their credit cards.