DeYOUNG: Borrowing money is like renting funds. You can use it two weeks and after that you repay it. You can lease an automible for two weeks, appropriate? You can utilize that auto. Better, any time you calculate the annual percentage rate thereon car rental – and therefore any time you split the total amount you pay thereon vehicles of the worth of that vehicle – you can get similarly higher rate. So this isn’t about interest. This might be about temporary utilization of something that’s been lent to you personally. Read more about DeYoung contends that should you focus on the seemingly inflated yearly interest levels of payday advances, you are lacking the purpose …