The institution of pay day loans could be the worst of predatory capitalism; it preys from the desperate and impoverished, literally destroying individuals everyday lives since they are capitulated into a snowball aftereffect of financial obligation with crazy interest levels and questionable terms. Many people find yourself taking out fully extra pay day loans merely to spend from the financial obligation happened on original pay day loans. The unfortunate horror tales are much too many. Imagine the Kafka-esque hell of just one guy whom took down a $2,500 cash advance for the medical emergencyвЂ”and ended up $50,000 with debt because of interest re payments.