I won't say when or where this happened, but in the past week or two I over heard a conversation between a group of 3 guys. Two of them were very animated - they was explaining some loan/investment deal they were in on to the 3rd person. Specifically, the idea was to invest in high risk loans directly - in the under 10k area. The one obviously was skeptical, and wondered what the interest return vs risk situation looked like.
They said interest was just icing on the cake. The real money is in collecting ridiculously expensive late charges - "You want them to miss as many payments as possible!" There was more details - but they appeared to be making quite a bit of money from it...and enjoying it every step of the way.