Not to mention illegal. If I'm not mistaken the cap on *yearly* interest is 15%, and 20% on defaulted loans. But yes you're right - most will never pay back the original loan and will continue to pay back the interest every month for years - seen that happen with some girls I've dated - not big sums but still annoying. In some of the cases I ended up just paying it for them and telling them I'll leave them if they ever take another loan. Of course I'm sure they went straight back to it after we broke up, but hey - you can take the girl out of the bar, but you can't take the bar out of the girl.