How come crisis loans have actually high APRs?

How come crisis loans have actually high APRs? Why do crisis loans have actually high APRs? We don’t credit check or charge any charges Representative APR 49.9% Representative Example: Borrowing: ?1200 for 1 . 5 years, Total Repayable: ?1628.28, Total Interest: ?428.28, Rate Of Interest (Adjustable): 49.9%. Prices between 9.3% APR and 1294% APR. Brand […]