In my state some limits have been placed on the number of dollars that can be borrowed through pay-day lending. But as soon as this law went into effect, the lenders came out with a new product to “help populations needing financial assistance”. They are called automobile title loans. You go in, and get a loan (at absurdly high interest rates often above 25%) using the title on your car as collateral. If you miss 2 payments, the car gets repossesed. How you get to your low wage job after that is your problem.

I live in a neighborhood that has over 40% of the population living below the poverty line. On a regular basis, I get junk-mail flyers advertising these title loans, with the most recent one having the header “Help Your Family Have Happy Holidays”.