They also hit bank accounts with EFT withdrawal up to 3x per day if the first one didn't clear, which is $40 NSF charge each time. Unfortunately because these lenders signed a piece of paper allowing for automatic withdrawal, the payday loan company then steals all your money the day before you are paid, so your account will be debited -$200 for a $100 loan you missed a payment for, factoring in all the NSF and late charges. Since most people are paid with direct deposit nothing they could do to stop this. Bank will also charge interest on the overdraft.
So on payday you have nothing, and are forced to go back to the payday loan company just to survive but are now paying even higher interest, because you defaulted once. Sounds like they are well regulated where you live but not here they are still loan sharks.