> Sorry, you have to be quite ignorant to sign that. Even the worst credit cards have an interest that's a fraction of that. That's definitely not cheap credit.

Agreed, but sometimes that's the only hope some have. At one point in time, I did and I came from a very normal credit-worthy background. Shit happens, ktzar.

Maybe they're already maxxed-out? Or can't get a credit limit high enough to borrow what they need. Or need to pay something in cash, and don't have a higher limit available from a cash-out card. Or are "un-bankable"

That 590% is scoffed at, yet paid, because there's a majority of people (2M in Canada, according to the article) who have no other choice.

Most people would opt for the better option, if they had one.