One of the more grotesque elements of the legislative dialogue about payday loans is the infantilization of people that use them, even by some well-meaning advocates. If Alisha repaid the loan over one 12 months, her repayments would add as much as $2,016. Avoid Payday Loans. If the applicant is willing to pledge some security towards the amount loaned to him, he can avail of extra amount of cash at the next rate.