Deception by Numbers

Hey, want to borrow some money?

I can get you a really good rate on a short term loan, just 1% per day.  I know that sounds like it adds up after a while, but in the short term, 1% per day is hardly a lot.

Oh, and there may be a couple of little fees, just administrative stuff, nothing to worry about, the important thing  is that you need cash now, you don’t get paid until next week, and you don’t want to spend a lot of time reading paperwork or filling out forms.  1% a day isn’t all that much, and it’s worth it to you to get cash in hand.  So, what do you say?