Yes. In that instance, you are correct.
For my example, I was speaking specifically about people who roll over the loan for longer than the initial short term. In that case, the usury interest rates kick in.
Sigh....
I am also correct in stating the 10% plus $1.00 is the customary fee.
Not 20%, and not the worst case scenario of an absolute idiot who had no intent to pay the financed amount on time, in the first place.