Check out http://www.cashcall.com/General/Rates.aspx.... they charge 139.34% interest rates... omg.. that's crazy!!
That site is for the U.S., however, it's important that people look at the interest rates, and get an idea of how much these loans are going to cost them in interest fees and service charges.
Pay day loans are convenient loans for people with no credit rating, or bad credit ratings... this makes them EXPENSIVE