[Buildbot-commits] [Buildbot] #1896: Short Term Loans - How to Avoid Penalties From Defaulted Short Term Loans

[Buildbot]

#1896: Short Term Loans - How to Avoid Penalties From Defaulted Short Term Loans
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Reporter:  shorttermloans  |      Owner:  Shaina Luna
    Type:  undecided       |     Status:  new
Priority:  major           |  Milestone:  undecided
 Version:  0.8.3p1         |   Keywords:  Short, Term, Loans
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 [[Image(http://3.bp.blogspot.com/_0ORky8u8PWE/TBIWqCFS4OI/AAAAAAAAAnU/KFDYQrSgx1E/s1600/business+loans2.jpg)]]

 The '''[http://www.swiftmoney.org.uk/ short term loans]''' are short-term,
 high-interest loans issued to individuals. Some '''short term loan'''
 lenders charge as much as 400 percent in interest, in addition to service
 fees, according to the State of New York Banking Department. These service
 fees are attached to both the initial loan and any subsequent default.
 '''Shor Term Loans''' are typically small in size, but if a borrower
 defaults, he can end up paying more in interest and penalties than in the
 repayment of principal.

 [[Image(http://i.ehow.com/images/a04/bj/2p/short-term-loan-work-
 200X200.jpg)]]

 Borrowers can take several steps to make sure they do not trigger a
 default '''[http://www.swiftmoney.org.uk/ short term loans]'''. Provide
 the lender with a bank account number. Get overdraft protection on your
 checking account. After giving the '''Short term loan''' lender a bank
 account number, make sure the account is secured with overdraft
 protection. This means that if not enough money in the account is
 available to cover a charge, money from another account is automatically
 made available to cover the difference. Develop a backup plan. Although
 you may have a primary means by which you intend to pay off the payday
 '''loan''', such as a regular paycheck, have a backup plan in case
 something goes wrong.

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Ticket URL: <http://trac.buildbot.net/ticket/1896>
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