These small-greenback, excessive-cost loans often charge triple-digit annual share charges (APRs), and funds are usually due inside two weeks—or close to your next payday. If the 15 lobbyists who testified on the April 14 hearing could not convince the subcommittee that payday loans had been a blessing in disguise for working Texans, they'd another weapon: Michael Worth, senior pastor of the Gates of Dominion Word Ministry International.