So, I got one of those "prequal" offers from one of the predatory lenders (I think Netcredit), and decided to look at it. Unlike many of these offers (if I bother to research them) that you need to google to find how bad they are, this one actually gave the APR right in the mailing.
The AVERAGE APR is 99% (yes, 99%), but "some people qualify for lower APRs, some as low as.... (wait for it, wait for it).... 93%!!!!!
Wow! What a deal that is,
Just for giggles I went on their site and checked out some random states, New Mexico has a rate of 34% to 155%
Average loan here in Wisconsin for these guys? $2800 @ 95% apr, 31 payments of $245. Full repayment amount is $7595! So proud to live in a state where this is allowed.