Payday loans happen to be one of the most advertised services you can find online. These loans are considered ‘short-term’ and are designed to offer clients a quick relief from financial troubles. People who are faced with unpleasant and unexpected finance-related problems often resort to loans for a quick fix. Others who find it difficult to stretch their budget until the next payday also come running to these quick loan providers for a little help. These payday loan stores usually offer round-the-clock services online.If loaning money would ease your monetary burden away, this type of loan can easily be the answer to your needs.So what are requirements are needed to avail the loans? Read on and learn the rest of the payday loan loans fundamentals.What are the basic requirements?A typical payday loan provider would normally ask applicants to complete or fulfill basic requirements to be eligible for the loan, such as the following:• Borrowers must be of legal age. This means borrowers must be at least 18 years old in the UK or 21 years old in the US.• Borrowers must also submit proof of permanent income.In some cases, when the borrower is unemployed, he will be requested to submit any document that would attest to his capacity to pay the amount loaned.• Borrowers must be a holder of valid savings or checking account.What is the application process like?Most lenders or loan provider now have their online portals so borrowers can apply even without having to drop by the office. Customer service representatives receive the applications and then process them. Borrowers can have their application approved in as short as one hour to 24 hours. The loan will then be digitally credited to their preferred bank account. Applicants with good credit standing often get to enjoy the money within the same day of application. The paperless application makes the entire process a breeze.Other options may be provided. To some people who do not want to have the money deposited to their account, they can avail of the loan through checks. Each lender has its own set of rules, but most loan providers employ a simplified loan processing system.What makes payday loans so enticing?Most lenders market their services as a ‘no credit checking’ required system. They tend to capture a bigger market as those who have failed to be approved in traditional loans get another chance at this. The convenience in applying online, the simplicity of requirements, and the lenient processing are all a big plus to those who need instant cash the soonest possible time.What are the loanable amounts?In the US, the minimum amount depends on the state. In some state, borrowers can loan $50 minimum to a maximum of $1000 that is payable in 2-4 weeks. With some payday loan providers, they tend to require checks from borrowers if the amount exceeds $500. Note that there are states that also prohibit this kind of business.How much are the interest rates?This is probably one of the most important points to consider when planning to apply for this type of short-term loan. Payday loans come with a very high-interest rate. To illustrate an example, a borrower may have to pay an extra $20 for every $100 borrowed. Note that as this is a short-term loan, the amount may have to be paid back the next pay day or a within a maximum of three months. On average, a borrower in the US is required to pay roughly 400%, this is according to the Consumer Federation of America. When a borrower fails to pay the loan within the given timeframe, a massive interest rate is again included in the calculation.Do banks offer payday loans?Commercial banks are now slowly inching their ways towards this industry. Apart from the enormous returns earned in short-term loans, the growing market and potential customers are also growing by the day. This is also another way for banks to convince people to open checking and regular savings account. The banks can have full control and can easily monitor the borrower’s personal cash flow, making it easier for them to background and perform credit check if he or she intends to renew her loan. It is also a more convenient way of deducting payments directly from a bank accounts. Therefore, it is no longer surprising if all commercial banks would eventually branch into this kind of business.What should borrowers remember?Payday loans, like a mortgage or any type of loans, is a responsibility. It entails obligations and comes with serious penalties if not settled. Borrowers need to remember that while the loans are instant, they should stay within a reasonable bracket when applying. A number of interests are non-negotiable and they should expect a massive difference between the loan principal and the amount to be paid. As in any other crime involving money and the neglecting payments, serious legal consequences await irresponsible borrower.
Payday Loans 101: A Rundown on the Fundamentals
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The Importance of ‘Modeling’ In Business Management
Being a teacher in a business management department, I want to emphasize on the tremendous importance of ‘business modeling’ in Business Management. For any MBA student, ‘business modeling’ should be the core of business management studies. ‘Business modeling’ in any area of business management namely finance, production, marketing, decision sciences, operations, export-import, insurance etc. comprises of 2 steps. The first is, complete theoretical understanding of the subject area done through individual book studying and the traditional chalk and board teaching in the class. In the second step, the theoretical models from the book are converted to models in the computer. This ability is known as ‘business modeling’.In the present global business world, the days of theoretically solving problems by hand are no longer valid. Typically, a business manager needs to solve many problems in a day. If the manager relies on hand computation to solve any problem, it will take several days or weeks to solve a problem. Hence, hand computation is no longer feasible. Each business analyst should have the ability to build models in the computer.One of the best platforms for doing ‘business modeling’ is Microsoft EXCEL. In Excel, only blank worksheet templates and some in-built functions are present. All models have to be built from scratch. The business analyst can build models and quite easily solve problems in all possible areas of management. And, the best part is that, once the model is built, the computation is done within few milliseconds by the computer. Myriads of day-to-day business problems can be solved using ‘business modeling’. Another good platform for doing modeling is MATLAB.Please remember that, we do not have software to solve all the problems of the human civilization. One of the best ways to create new software is to build ‘models’ in the available platforms. If a ‘model’ successfully solves the problem for which it was built, the logic of the ‘model’ can be easily converted to software using various software development technologies It would not be wrong to say that, good ‘business modeling’ can lead to building software in newer areas, where there is no existing software at all.
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Public School Sex-Education Classes — Bad News For Parents and Children
One of parents’ most important duties is to protect their children from harmful sexual values and behaviors. Yet many public schools force potentially harmful, sometimes shockingly explicit sex education on their students.
Most of the time, parents have no control over the content of these classes. Occasionally, a group of parents finds out about a particularly obnoxious sex education class and protests to the principal or local school board. The class may be dropped, only to be replaced by another class that teaches equally objectionable material.
School authorities’ cavalier attitude towards parents on this issue shows their anti-parent bias, and their contempt for parents’ rights to control the values their children are taught.
Many school authorities insist that children need comprehensive sex education from kindergarten through high school. They believe parents can’t be trusted because they have shameful feelings about sex or have “outdated” moral or sexual values. School authorities, claiming that they know best regarding sex education, usurp the parents’ role, allegedly for the good of the children. In doing so, they show contempt for parents’ rights, values, and common sense.
Many sex-education classes indoctrinate children with sexual values that can cause them irreparable harm. For example, these classes often promote the idea that most sexual behaviors are acceptable, including adultery, homosexuality, masturbation, and premarital sex.
The sex-education instructor simply tells the kids to “be careful” or use their “common sense” when they engage in these behaviors. As if we can depend on teenagers with raging hormones to be careful or use their common sense. The soaring teen pregnancy rate in this country puts the lie to this notion.
Horror stories about sex education classes and flagrant violations of parents’ rights confront us from around the country. Here are only four of those stories:
o On March 19, 1996, a public school in East Stroudsburg, Pennsylvania made 59 sixth-grade girls submit to a genital examination as part of a routine physical. The school did not ask for parental consent. During the exam, school officials blocked the exit doors and refused to let the crying and pleading young girls call their parents.
o In Stephens County, Georgia, parents were shocked to discover that their fourteen- and fifteen-year-old daughters had been driven to a birth control clinic by a public school staff member without their knowledge. The county clinic administered AIDS tests and Pap smears to the girls and gave them birth control pills and condoms. The school denied parents access to the test results and defended its actions on the grounds that the counselor believed that she was doing what was best for the girls.
o The Pacific Justice Institute filed a lawsuit on behalf of parents against the Novato [California] Unified School District for authorizing pro‑homosexual presentations without any prior notice or consent. According to the Pacific Justice Institute Press Release, “The presentations entitled “Cootie Shots,” exposed elementary school children as young as seven years old with skits containing gay and lesbian overtures. The presentations were followed by question and answer sessions about what constitutes ‘normal’ families and acceptance of those who choose the homosexual lifestyle.” 6 (see Notes in “Public Schools, Public Menace”)
o Carol (last name withheld for privacy), a schoolteacher, couldn’t believe what she was being asked to teach in her sex education class. The curriculum forced her to show second-graders pictures of nude boys and girls and ask them to name body parts. School authorities told Carol and her fellow elementary school teachers that there were no absolute moral rules, so she shouldn’t be concerned about what she had to teach the children.
Parents, it might be advisable if you periodically asked your children if their school is giving them sex-education classes and what the school is teaching in these classes.
If these classes force your children to sit through shocking, obnoxious, or embarrassing sex-education material, you can do something about it. Many states have Parent Notification laws that allow you to demand that the school “opt-out” (withdraw) your children from these classes. You can find more information about this important issue in “Public Schools, Public Menace.”
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