Most secured credit facilities will charge between 15 to 16 % interest per year. This quantity doesn’t include account costs, card charges, and just about every other expenses associated with the handling of the center by the loan provider. What exactly is a Predatory Lender? Here’s the shocker. Studies done by the customer Finance Protection Bureau (CFPB) show that the {average APR on|APR tha pay day loan is just about 400 %.