Collateralized Predatory loans -
Predatory loans akin to legitimized rape, with absurd interest rates. Yeah, they can help you in difficult times, but you will pay through the wazoo for it with their usurious interest rates. Will make you feel like you will never get out of debt, and they keep trying to loan you more money, like let me drop some more into the quicksand. If you do accept more money, they cancel your first loan, pile it on to the second, and you are starting all over again at 70% interest on your original amount. They want to insure you never see daylight again.