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Orem city officials have put a cap on the number of payday lending stores they will accept in their city, hoping to limit the opportunities for residents to become buried under loans with annual percentage rates as high as 800 percent. Driving into a nightmare SCOTT LINNETT/ Union-Tribune As the county spends millions to widen Valley Center Road, some residents complain that the money is going to waste because of a bottleneck at Lake Wohlford Drive where it enters Escondido. Payday loans are a military matter (ARA) - In the world of living paycheck to paycheck, unforeseen expenses create a very stressful situation. Whether the car breaks down, the water heater blows a leak or your dog needs emergency surgery from eating the hallway rug, finding a way to get out of the red gets harder every day. KAREN Deakin doesn't want to see another payday lender again. A loan bearing 240 per cent interest rates tends to do that. 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