A Field Guide to Spotting Predatory Lenders

A Field Guide to Spotting Predatory Lenders A Field Guide to Spotting Predatory Lenders A Field Guide to Spotting Predatory LendersThe lending jungle can be a dangerous place, especially if your low credit score has you at the bottom of the food chain.Unlike those dang falcons, with their 800+ credit scores  soaring high above the trees without a worry in the world, the rest of us  have to constantly be on the lookout for predators. Specifically, predatory lenders. They can smell out a bad credit score from a distance of 20 miles and have fangs that can completely shred a bank account in under 10 seconds.That’s all metaphorically speaking, of course.  Real  predatory lenders dont have big fangs and lean haunches, they just have short-payment terms, sky-high interest rates, and super sketchy business practices.Heres your field guide to understanding if you might be dealing with a predatory lender.They don’t do a credit check.If  you have bad credit and need a loan, you might think you should avoid lenders who perform credit checks. But a lender who doesnt look for re d flags (like troubled credit history) is, in itself, a red flag. The right bad credit loan can be a handy tool in a time of crisis, but a sketchy no credit check loan is more likely to land you in even  more  financial trouble than you were already in.If the lender isn’t concerned about your previous payment history, there’s a good chance that their fees and interest are so high and their payment terms so restrictive that the lender knows they can make more money off you not being able to pay them back. Their business model depends on continuously paying interest and extending the loan instead of paying it off in a reasonable time.If you are going to a lender who uses credit checks, try and find one who uses a soft credit check. Unlike hard credit checks, these will not have a negative impact on your credit score, which, if you’re reading this, you probably don’t need to have further damaged.Watch out for “cash advance loans.”A cash advance is money you get from using y our credit card. You can take out cash within your credit limit, but the interest rates are higher than with normal use and there’s no grace period, so the interest starts accumulating immediately.However, if you see a lender advertising “cash advance loans” they’re probably just offering a payday loan or some other kind of sketchy predatory loan. Cash advances arent great, but they are much better than a lot of more dangerous alternatives. If you’re not using your credit card to get it, it isn’t a cash advance loan.Look out for short payment terms.Payday loans tend to have very short payment terms. Around two weeks, on average. And at the end of that time, you’ll have to pay back the whole loan, plus interest and fees. That’s not a lot of wiggle room.If you’re totally sure you’ll be able to pay it back in time, then there’s no problem. But even then: just because you plan  on having the money to pay the loan back doesnt mean you  will  have it.You might be saf er if you can find an installment loan that can provide you a payment plan that fits within your budget. Ideally, they won’t have a penalty for prepayment either. That way, if you are able to pay it all back within two weeks, you won’t have to pay nearly as much interest.Don’t give them your car.Title loans are a lot like payday loans, except they require your car as collateral. You get all the high interest rates and short payment terms with the added fun of losing your car if you can’t pay it.And its not like the chances are super remote either: One study from the Consumer Financial Protection Bureau found that one in five title loan customers gets their vehicle repossessed! That number is high.Skip the title loan and stick with an unsecured personal loan from a more reputable bad credit lender. Not being able to pay back a loan sucks, losing your car over it sucks way more.Read the reviews.When you’re looking for a lender, take some time to read their reviews online. T his should give you some idea about the lender’s business practices. And this goes for all kinds of lenders, whether theyre a storefront down the street or an internet-based  lender providing online loans.User reviews will give you an idea of how a lender treats their customers. If you only read a companys advertisements, youll always come away thinking theyre the bees knees. User reviews will give you a much clearer picture of what the companys like. Maybe theyre not the bees knees at all. Maybe theyre something much worse, like the bees, um, armpit or something.Using the mistakes or successes of other people is a great way to avoid mistakes and achieve successes of your own. You should still read the actual terms of any agreement before you sign it, but reviews can be a great source of supplementary information.They have bad customer service.Reading reviews should help you get a sense of if a lender has responsive customer service. Ideally, you want a number you can call with a real person on the other end who can help you immediately if you think you’re going to have trouble making your payments.A good lender makes money from customers that can actually afford to pay them back, and thus they should want to help you do so if you’re struggling. It should be a mutually beneficial relationship.A predatory lender just wants to (metaphorically) swallow your finances whole. Once you’re able to spot these shady players, you can avoid them and keep working on building up your credit. Someday, youll be one of those falcons, soaring through the sky and taking out falcon-only credit card with totally sick falcon rewards.To learn more about predatory lending, check out these related posts and articles from OppLoans:What’s Worse: An Overdraft Fee or A Payday Loan?Want to Avoid No Credit Check Loans? Build an Emergency FundYour Guide to Cash Advance ScamsHave you ever taken out a loan from a predatory lender?  We want to hear about it!  You can  email us  or you can find us on  Facebook  and  Twitter.

5 Questions to Answer in Your University Book Review

5 Questions to Answer in Your University Book Review At first thought, it seems that there is no difference between a book review, book report and book summary. The only true fact is that all these types of writing deal with a book. However, among the three a book review has a special purpose to describe, analyse and evaluate books citing evidence and examples from the book in question. Many students are not sure that they’re on the right way while working on a university book review. As a result, they can get very low scores for it. Want to be highly assessed? Bring 5 questions into focus to answer them in your book review. 1.   Who is the Author of the Book? In a book review, you have to give credit to the author. The author’s name and background should be part of an introduction. You can also state the perspective from which the author wrote the book and evaluate if he or she was biased in favour of writing the book or not. Besides, focus on the question why the author wrote on this subject rather than on some other subject. 2.   What is the Thesis of the Book? A good book review has two theses the author’s thesis and your thesis based on how you understand the book. Concerning the authors thesis, you should explain whether he or she expresses it adequately in the book and by what means. Cite examples from the book to support your claims. Another thesis brings new insight into the book content and should help readers understand it from different perspectives. You can provide both   evaluations positive and negative. 3.   Was the Intended Message Delivered Effectively? Every book intends to carry a particular message to the audience. A clear message is meant to emerge from writing. It is your task as a student to determine what message the author intended to communicate and whether he/she effectively got across this message. Feel free to criticize anything that you feel the author didn’t capture perfectly. After all, that’s the essence of a book review be critical. To critically analyze and evaluate a book in your review! 4.   What are the Strengths and Weaknesses of the Book? A book review is not yet complete if you don’t highlight various strengths and weaknesses belonging to the book under consideration. It is recommended that you have a paragraph with each point. Cite evidence from the book by explaining them, otherwise, your book review won’t be reliable as required. For each weakness, you should provide a possible solution that can help improve the book. 5.   Is there an Alternative Way of Arguing the Same Idea? It is within the bounds of possibility that people can be on opposite ends. When it comes to a book review, don’t forget to demonstrate the other ways of presenting the same idea. Irrespective of whether the author argued his/her ideas effectively you should evaluate whether there are possible alternatives to it. State them and explain how each of them would have brought a whole new dimension into the book. There are a few basic questions that you have to answer when writing a university book review. We have highlighted them that you should pay attention to so that you’ll be able to write a really good book review. Another way to complete a review without being confused is to apply our custom writing service for buying book reviews online. Our academic writers are ready to help you out immediately you ask for assistance.

Top Massachusetts Colleges and Universities

Five Great Feature Ideas for Writers

It doesnt matter whether youre a full-time reporter, a part-time blogger, or a freelancer, all writers need a steady source of feature story ideas. Sometimes, a great feature story will land in your lap, but as a seasoned journalist will tell you, relying on chance is no way to build a portfolio of impressive writing. It takes diligence and hard work, writers say. Tips for Writers Always take notes:  You may discover a great subject for a story on your way to the grocery store or meet by chance at a social event. Inspiration can strike at any time. Keep a small notebook or use a note-taking app on your smartphone to jot down ideas as they strike you.Listen: When you do interview someone, remember to let them do most of the talking. Ask questions that cant be answered with a simple yes or no, such as, Tell me how that made you feel?Keep an open mind: Its easy to make snap judgments and assumptions, but a good writer must keep his or her prejudices at bay. Your job is to be objective and learn as much about your subject as possible.Pay attention: How do your sources behave? What does the location look like? What events are occurring? Information like this, as well as direct quotes from a source, will give your reader a fuller appreciation of your writing and subject matter.Accuracy matters: Check all of your data to make sure theyre accurate, triple-check fact s, and make sure youve proofread for spelling, punctuation, and grammatical errors. Remember, it takes a long time to develop a reputation for fairness and accuracy, but just a single mistake to tarnish it. Ideas and Topics Features convey information and facts just like a breaking news story. But a feature is usually much longer and more nuanced than a hard news story, which usually just contains the most relevant or recent factual information. Features allow room for analysis and interpretation, narrative progression, and other elements of rhetorical or creative writing. These five topics are a good place to start if youre looking for feature ideas. Some topics may require days or even weeks of research before you can write a story, while other subjects can be covered in just a few hours.   Profile: Interview a prominent or interesting person in your community and write a profile of them. Possible profile subjects could include the mayor, a judge, a musician or writer, a military veteran, a professor or teacher, or a small business owner.Live-in: Arrange to spend some time at a local homeless shelter, hospital emergency room, nursing home, police precinct or courthouse. Describe the rhythms of the place and the people who work there.News: Talk to community leaders about local issues and trends. Crime, education, taxes, and development are perennial topics of interest to readers, but sports, arts, and cultural events are also newsworthy. Potential sources include city council members, community and grassroots organizations, and local institutions.On-the-spot: Cover an event in your community and write a story on deadline about it. Ideas could include the opening of an art exhibit, a talk by a visiting lecturer or expert, a charity event like a fundraising run, a parade, and so on.Review: Attend the production of a local concert, play or other cultural event and write a review. Or interview the musicians or actors involved and write a story about them. Resources and Further Reading Curtis, Anthony. â€Å"How to Write a Feature Story.† Journalism Skills, University of North Carolina-Pembroke, 2011.â€Å"How to Write a Profile Feature Article.† New York Times Learning Network, High Wire, 1999.Klems, Brian A. â€Å"The Secret to Writing Stronger Feature Articles.† Writers Digest, FW Media, 2 July 2014.

USING FINANCIAL ANALYSYSIS TO ASSESS A BUSINESSES FOOTING - Free Essay Example

Sample details Pages: 5 Words: 1545 Downloads: 7 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? British Petroleum is one of the largest companies providing energy. The company operates across six different continents, their products and services are also available in more than hundred countries in the world. The company yearly make a huge return on investments for its share holders. Bp is a growing local oil company into a world energy group. BP has employed over 80,000 people all around the world. BACKGROUND British petroleum 2007 to 2009 British Petroleum starts mango production offshore Trinidad On November 17, 2007 British Petroleum started the natural gas production from the mango field. The mango field is 35 miles south east of Galeota point in water depth of some 235 feet. British Petroleum in Trinidad and Tobago holds 100 percent interest in the field. The field is developed by a single unmanned platform with a capacity to produce from a well. The gas is exported through a pipeline which is 26 inches in diameter. The mango platform is the second to be built to the same size and standard as the cannon balls platform. The 860 tonne mango jacket and 890 tonne topside were built at the Trinidad offshore fabrications (TOFCO). 2008 Energy utilization rises as supplies hold-up but free energy markets do work On June 11th , 2008 the quality of world energy market was high and its price was unstable. This had a great impact on the supply and demand on the energy products. British Petroleum shows that the worlds fossil fuel resource has enough energy to sustain world growing population in spite of this issue. The weak point in the supply of the oil and rising demand outside the OECD also makes the work harder for the energy supply industry. The downfall in the production of oil in the OECD shows the issue that resources are not a constraint globally, but the recourse with British petroleum oil are limited. This is because of the barriers like political factors, taxes plays an vital role in this. Despite of high energy prices, the world energy market produces reliable energy supply. The statics in the year 2007 shows the market do work, the consumers and produces respond to changes in the energy prices. 2009 British petroleum discovered giant oil at its Tiber prospect in the deepwater US Gulf Of Mexico On 2nd September 2009 the Tiber well is located around 400 kilometres in south east of Houston and is in 4,132 feet of water . The depth of the Tiber well is about 35,055 feet which is 10,685 meters exactly which makes is the one of the deepest wells ever made by the oil and gas company. This well found oil in different lower territory reservoirs. The review will be needed to determine the size of the Tiber well discovery. The British petroleum has already discovered Kaskidas well and this Tiber is the discovery of British petroleum. Don’t waste time! Our writers will create an original "USING FINANCIAL ANALYSYSIS TO ASSESS A BUSINESSES FOOTING" essay for you Create order Ratio Analysis for British petroleum PROFITABILITY Analysis of profitability for the company British petroleum for profit margin, Return of share holders funds (ROSF) and Return of capital employed (ROCE) 2009 2008 2007 Profit Margin 10.21 9.34 10.85 Return on shareholders funds (ROSF) 24.73 37.55 33.74 Return on capital employed (ROCE) 14.34 21.88 21.08 PROFIT MARGIN Profit margin is ratio of profitability calculated as net  income  divided by revenues, or net profits divided by sales. The profit margin of BP in the year 2007, 2008 and 2009 is 10.85, 9.34 and 10.21 respectively. Comparing the profit margin in the year 07 and 08 there is a decrease in the profit to 1.51 and comparing with 08 to the next year there is a increase in the profit up to 0.87. Even though there is increase in the profit in the year 2009, 2007 profit margin is higher compared to the last year. Return on shareholders funds (ROSF) ROSF ratio is a measure of profitability. ROSF of BP in the year 2007, 2008 and 2009 is 33.74, 37.55 and 24.73 respectively. When we compare the ratio of the year 2007 which is 33.74 to the year 2008 which is 37.55 there is increase in the ratio up to 3.81 percent. Comparing the ratios of 2008 and 2009 there is a great downfall up to 12.82 percent. When comparing the ratio of the year 2009 to 2007 the result remains the same which is, the ratio has decreased. Return on capital employed (ROCE) The ROCE ratio compares the net profit (before interest and taxation) generated by company to the long term capital invested in the company during the same period. ROCE of BP in the year 2007, 2008 and 2009 is 21.08, 21.88 and 14.34 respectively. On comparing the ratios of the year 2007 which is 21.08 and the year 2008 which is 21.88 there is a slight increase in the ratio percentage which is 0.8 percent. But when comparing 2008 ratio with the next year there is a big downfall to the ratio in 2009 which is 14.34 percent and difference in the ratios between these two years is 7.54 percent. Conclusion It is to be noted that the company has a growth in all the three ratios from the year 2007 to 2008, but from the year 2008 to the next year which is 2009 there is decrease in all the three ratios. This makes us clear that the company is going down in the profitability compared to the previous two years. Ratios Ratios are useful indicators for the companys performance and financial conditions. Ratios can analyse and predict the future of the company. Now we shall analyse the ratios of BP for liquid ratio, gearing ratio, current ratio and share holders liquid ratio. 2009 2008 2007 Liquid Ratio 0.76 0.71 0.69 Gearing Ratio 82.42 89.52 77.22 Current Ratio 1.14 0.95 1.04 Share holders Liquid Ratio 1.38 1.40 1.67 Liquid ratio Liquid Ratio is a ratio which measures companys capability to pay short term bills. Liquid ratios of BP in the year 2007, 2008 and 2009 are 0.69, 0.71 and 0.76. As we compare the ratios of the year 2007 and 2008 there is an increase in the ratio up to 0.02. And comparing the year 2008 with next year, there is an increase again in the ratio, but the ratio which has increased between these two years is more (0.05) compared to 2007 and 2008. Gearing Ratio Gearing Ratio in the year 2007 is 77.22 but when compared to the year 2008 which is 89.52 there is good increase in the gearing ratio which is 12.3 percent. But when comparing the ratio of the year 2008 to the next year 2009 which is 82.42 the ratios have been decreased by 7.1 percent. When we compare the ratios for the year 2009 and 2007 we can find that there is a increase in ratio by 5.2 percent. Current ratio Current ratio of BP in the year 2007 is 1.04 when comparing this ratio to the year 2008 which is 0.95 there is a decrease in the current ratio up to 0.09. When we compare the ratio of the year 2008 to the next year 2009 which is 1.14, we can see there is an increase by 0.19. Now comparing the ratios of 2009 and 2007, here also we can find that ratio has increased from the year 2007 to the year 2009. Share holders Liquid ratio Here are the share holders liquid ratio for three consecutive year 2007, 2008 and 2009 which is 1.67, 1.40 and 1.38 respectively. When comparing 2007 and 2008 ratios we can see that the ratios have been decreased by 0.27. And the comparing 2008 ratio with the very next ratio which is 2009 we can see that the ratios have been declined again up to 0.02. When comparing 2007 and 2009 ratios we can see there is decrease in the results. Conclusion All the four ratios are act in four different ways for three years comparison. For Liquid ratio the ratios are gradually increasing from 2007 to 2009. In Gearing ratio the ratios increase from 2007 to 2008 and then it decreases from there. For Current ratio the ratios decreases from the year 2007 to 2008 and then it increases. For Share holders Liquid ratio the ratios gradually decreases. Turn over Turnover is the annual sales of the company. 2009 2008 2007 Turnover 152,417 253,088 146,238 When comparing the turnover for BP for the year 2007 (146,238) and 2008 (253,088) we can see that the company has improved in that year the turnover has been improved. But comparing the next two years which is 2008 (253,088) and 2009 (152,417) it is to be noted that there is downfall in the companies turnover. Current Event since 2009 Balance Sheet In 20th April 2010 there was a explosion and fire in BP oil rig which took place in deepwater horizon in Gulf Of Mexico. After this incident took place eleven workers was reported missing and around seventeen workers was injured. And three days after this incident it is found that the oil is leaking from the well. US coast guards found that oil which leaks from the well is around 5000 barrels of crude oil per day. This is around 430,000 dollars per day. This event will give a big impact on this years balance sheet because the company has lost good will, there will be big loss in companys profit margin and turn over because of the loss of 5000 barrels per day. There will also bring down all ratios because of explosion and oil spill and workers missing. BP after this event has lost its good will. Conclusion In conclusion the analysis of the ratios says the year 2008 is the best year compared to the three years (2007, 2008, and 2009). Except for profit margin, share holders liquid ratio and current ratio compared to the previous year it has decreased to an extent. And in this years (2010) balance sheet will go down to an extent because of the explosion and fire in the oil rig and even issue of workers in oil rig has been missing after the explosion. The companys shares will go down and the company will also lose its good will. The companys profit margin and turn over will go down because of the oil spill which consumes around 5000 barrels of crude oil per day.

The Victims Of Teen Dating Violence And Substance Abuse

Consequences of this type of victimization are of increasing public health concern. Several studies identified a significant correlation among victims of teen dating violence and substance abuse. Those committing the act were more likely to be under the influence of drugs and alcohol, and victims show increasing signs of substance addiction to cope (Temple et al., 2013). Victims of teen dating violence can have increased problems associated with mental health, sexual risk behaviors, sexually transmitted diseases, teen pregnancy, weight issues, and suicidal ideology (Maas, 2010). As a result of these health problems students may become dropouts and achieve low academic score. The cost of intimate partner violence against women was estimated to cost almost six billion dollars in 1995 alone. By 2003 the cost was estimate to have exceed $8.3million to include assault, rape, death, and stalking. Victims of severe violence have lost a total of 8 million days of work (CDC, 2015). So how can one correct and/or prevent the occurrence of intimate domestic violence among this impressionable population? Prevention should begin no later than middle school age. Stopping the problematic behavior before it starts its key. However, the world isn’t perfect therefore student may participate in programs to help control anger management and build social skills. Many school promote healthy dating habits and relationships within the teen population. This is done via programs such Dating matters,Show MoreRelatedThe Negative Effects of Teenage Dating1512 Words   |  7 PagesThe Negative Effects of Teenage Dating Sean D. Foster Bellevue University The biggest threat about teenage dating is their inability to maintain a relationship. Teenagers mostly, do not understand the necessity of sustaining a relationship over a period of time. Therefore, frequent break ups and arguments lead to attempts of suicide, teenage pregnancy, STD’s, teen violence, and substance abuse. 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THe Operating budget Free Essays

It will recognize one to two difficulties a Budget Analyst will have in dealing with the monetary allowance. This paper will suggest two to three techniques the org ought to survey with respect to new activities and plan cuts throughout the following five years. Introduction With roots traversing the distance once more to the sass’s, The City of New Orleans is the Largest Metropolitan city in the State of Louisiana. We will write a custom essay sample on THe Operating budget or any similar topic only for you Order Now It is a port city, which had a populace of 343, 829 as of the 2010 U. S. Statistics (Bureau, 2012). The mission, objectives and targets of the city are to have more open security, more occupation reaction, more entertainment for the young, and to decrease curse in the city. New Orleans is still in a move stage. Despite the fact that it has been 9 years after Hurricane Strain, one of America’s Deadliest Hurricanes, the city is as of now remaking, even now rebuilding regardless really developing. Typhoon Strain influenced the city’s monetary wellbeing. The city has a few divisions that they need to help run the city and keep it going easily. In this modifying move, the key arrangement of the city is attempting to keep the city’s financial plan streamlined without slicing crucial administrations to the subjects of New Orleans. The Mayor’s 2014 Budget was ready utilizing a methodology called Budgeting for Outcomes (BOO). Planning for Outcomes is intended to enhance benefits and improve degree of profitability of open dollars. BOO begins with a set of comes about that matter to nationals and empower imaginative methods for attaining them inside the assets accessible. In accordance with the Mayor’s planning standards, BOO accentuates responsibility, development and cooperation. Like execution planning, BOO concentrates on what general society gets, the extent to which it costs and how results will be measured. BOO begins with the results natives need from their City government and attempts to adjust those necessities to the monetary allowance choice making methodology. Offices are welcome to submit â€Å"offers† to clarify how they can attain the best comes about that matter to natives for the least cost and what execution measures they will use to exhibit achievement. The Government Finance Officers Association (GOOF) has received this methodology to planning as a â€Å"prescribed best practice. † (Nolan. Gob, 2014) For the 2014 financial plan, The City of New Orleans has assessed aggregate income of 837,516,571 and evaluated aggregate sees of 837,516,571. This figure does exclude the 247. 4 million in capital consumptions. In reference to financing, in the improvement of the 2014 Budget, the City created a multi-year income estimate for the General Fund. The figure considered key components, for example, expected financial development, development standpoint, populace development, and different pointers. Real income sources, for example, deals expense were determined utilizing national and nearby projections of financial action and noteworthy patterns and examples of income accumulation. Sources utilized within creating these projections incorporate national monetary gauges for expansion, and development in true GAP. The City’s obligation commitments might be partitioned into two classes: working obligation and general commitment obligation. These classifications are overseen by the Department of Finance and the Board of Liquidation. The obligation incorporates retirement and annuity for city workers, including fire and police laborers. It additionally incorporates a few securities and advances. (Nolan. Gob, 2014) Plan Challenges One significant test will be the Consent Decree ordered by the legislature, for the New Orleans Police Department. A Consent Decree is a request issued by a Judge that communicates a deliberate understanding by the members in a claim. Now and again a suit closes when a Judge issues an assent declaration, or an assent Judgment. This is particularly the situation when the declaration is issued after one side of the case willfully consents to stop a specific activity without confessing to any illicitness of the activity. For an assertions between two gatherings to be viewed as tying and legitimate, it should additionally be perceived by the court. An assent proclaim for this situation is legal distinguishing of the understanding. The announcement frequently bans one side of the case from specific activities. (weeklies. Com, 2013) The City of New Orleans was included in an assent order with the New Orleans Police Department. The full and supported execution of this Agreement is proposed to secure the protected privileges of all parts of the group, enhance the wellbeing and security of the populace of New Orleans, and expand open certainty in the New Orleans Police Department. With the death of the commanded statue, there will be extra financing required to verify things are done as ordered. Those expenses have not yet been uncovered. Plan Recommendations Throughout the following five years two procedures the office ought to survey with respect to new activities would and plan slices would be to go to the natives and figure out what they need, need and longing. As opposed to making arrangements and commitments from the hip, the city ought to captivate with the nationals. The second technique that the City ought to assume is figuring out how to sway its residents to return to the city. A considerable measure of nationals left the city after Hurricane Strain, the popularization was unconquerable. In the event that the city an do a push to recover the subjects that would accumulate more income to the economy. How to cite THe Operating budget, Papers