Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Students: payday loans are not your only option | Education | The …

The top testimonial for payday loan company Smart Pig is from someone without a surname, who declares in block capitals: “I love you Smart-Pig.com! You are my favourite pig ever! Who needs Peppa when you’re in my life!”

Noor” has clearly only met pigs willing to give her a 782% representative APR loan, a full 1% worse than the offer from Smart Pig.

Smart Pig is just one of a number of high interest payday lenders now offering their services to students. Their adverts, which have been reported to the Advertising Standards Agency (ASA), highlight prizes you can get your hands on, including the opportunity to “win a term’s rent”. All in a space they could have used to explain their APR.

Targeting Students

A worrying number of undergraduates are turning to payday loans. Around 2% of undergraduates used them last year, according to a survey by the National Union of Students (NUS). This may not sound like a lot, until you consider this means up to 46,000 students are risking the debt spiral associated with payday loans.

Despite a NUS campaign in 2013 to ban payday loan adverts on campuses, payday lenders are still heavily targeting students.

Peachy Loans have recently had complaints upheld against them by the ASA for an advert they ran on sandwich wrappers in cafes opposite university campuses and colleges. The campaign, it was found, encouraged a casual attitude to taking out a loan. Its slogan was: “Small bites put a smile on your lips! You can now get a loan from £50 to £500 and pay it back in small bits…” emanating from a cartoon mouth.

People willing to take financial advice from their sandwich wrappers may seem like a financially unsound group unlikely to return your investment but, unfortunately, these are probably the same group of well-meaning but naïve people that will incur late fees.

Scam techniques

There’s a reason payday loans companies use such trite campaigns, and it’s the same reason email scams are so poorly written. You and I may realise the emails are obviously a scam, but that’s because we’re supposed to.

Scammers deliberately use terrible spelling and implausible stories because it weeds out “false positives”, according to research from Microsoft. These are people who will likely figure out it’s a scam before they send off their money.

In the same way, adverts for payday loans weed out the people they’re not interested in, until all they’re left with are the incredibly desperate or the young and unreasonably optimistic.

There is money to be gained from the people optimistic enough to think APR won’t apply to them, as implied by Wonga’s now banned advert which claimed their 5,853% APR was “irrelevant”.

Payday loan companies aren’t looking to attract people who might look up what their interest rate actually means. They’re looking for more vulnerable people.

People who look at smiling pigs with top hats carrying bags of cash and don’t see a monumentally large danger sign. People who are paying attention to the singing Austrian girls handing people wads of money in TV adverts, and not the alarming text at the bottom of the screen.

Or they’re looking for people far too desperate to care. All too often students fit into this latter category.

Other options are available

Student Money Saver’s advice is to go to your university or student union for financial help. No matter how desperate things seem, advice and financial help will be available.

Hardship funds are available to you from your university when you are in dire financial circumstances. Hardship funds are lump sums or installments paid to you when you can’t afford the essentials, such as rent payment, utility bills or food.

Usually these are lump sums or installments paid to you, which you won’t have to pay back. In some cases your university will give you money as a loan, but without the massive rates of interest offered by payday lenders. Talk to your university and they will help you.

You can also request a higher bank overdraft if you haven’t done so already. Banks know students are likely to be high earners when they graduate, and so are likely to allow you this extension as an investment in your loyalty. If one bank won’t offer you an extended overdraft, shop around for a bank that will.

James Felton is the content editor of student finance website Student Money Saver.

[…]

Kenmare agrees refinancing for Mozambique mine

1. CRH Construction View profile 2. Microsoft Technology View profile 3. Google Consumer Technology View profile View the full list in View profile

“); b.append(“

“); var d = []; $(a).each(function () { var a = $(“.templates .multi li”, c).clone()[0]; if (this.Rankings != undefined && this.Rankings.length >= 2 && this.Rankings[0].Rankings != undefined) { $(“.rank”, a).text(this.Rankings[0].Rankings[0].Rank + “.”) } $(“.name”, a).text(this.Name); if (this.Industries != undefined && this.Industries.length > 0) { $(“.industry”, a).text(this.Industries[0].Title) } if (this.LogoUrl != undefined && this.LogoUrl != “”) { $(“img”, a).attr(“src”, this.LogoUrl) } else { $(“img”, a).hide() } if (this.Url != undefined) { $(“a”, a).attr(“href”, this.Url) } $(“ul”, b).append(a) }); if (settings.industry != undefined && settings.industry != “”) { $(“.ribbon a”, c).attr(“href”, “http://www.top1000.ie/industries/” + settings.industry); $(“.ribbon a”, c).html(“Explore the industries »”) } else { $(“.ribbon a”, c).attr(“href”, “http://www.top1000.ie/companies”); $(“.ribbon a”, c).html(“Explore the full list »”) } return b } function g() { var a = {}; var b = window.location.href.replace(/[?&]+([^=&]+)=([^&]*)/gi, function (b, c, d) { a[c] = d }); return a } function h(a) { var b = a % 100; var c = [“th”, “st”, “nd”, “rd”, “th”]; var d = b 4 ? c[0] : c[b % 10]; return a + “

” + d + “

” } settings = $.extend({}, { pageUrl: “”, industry: “”, baseUrl: “http://www.top1000.ie” }, a); if (g()[“url”] != undefined && g()[“url”] != “”) { settings.pageUrl = g()[“url”] } if (g()[“baseUrl”] != undefined && g()[“baseUrl”] != “”) { settings.baseUrl = g()[“baseUrl”] } settings.pageUrl = settings.pageUrl.replace(//testads$/g, “”); var b = { “Sectors/Financial Services”: “financial-services”, “Sectors/Construction & Property”: “construction”, “Sectors/Energy & Resources”: “energy”, “Sectors/Health/Pharma”: “health”, “Sectors/Media & Marketing”: “media-and-marketing”, “Sectors/Manufacturing”: “manufacturing”, “Sectors/Retail & Services”: “retailing”, “Sectors/Transport & Tourism”: “transport”, “Sectors/Agribusiness & Food”: “agribusiness”, “Technology/Net Results”: “technology”, “Technology/Wired”: “technology”, “Technology/Tech Tools”: “technology”, “Technology/Consumer Tech”: “technology-consumer”, “Technology/Business Tech”: “technology-business” }; if (settings.industry != “”) { settings.industry = b[settings.industry] } var c = $(this); d() } $(document).ready(function ($) { try { var breadcrumbIndustry = “”; if ($(“#top1000-nav-hint”).length > 0) { breadcrumbIndustry = $(“#top1000-nav-hint”).text(); } var url = document.URL; if ($(“link[rel=canonical]”).length > 0 && $(“link[rel=canonical]”).attr(“href”) != null) { url = $(“link[rel=canonical]”).attr(“href”); } $(“#top1000Widget”).companyWidget({ pageUrl: url, industry: breadcrumbIndustry }); } catch (error) { } }); })(jQuery); –>

[…]

From a grant to HECS-style loan

‘ + ‘ript>’); } function renderJAd(holderID, adID, srcUrl, hash) { document.dcdAdsAA.push(holderID); setHash(document.getElementById(holderID), hash); document.dcdAdsH.push(holderID); document.dcdAdsI.push(adID); document.dcdAdsU.push(srcUrl); } function er_showAd() { var regex = new RegExp(“externalReferrer=(.*?)(; |&|$)”, “gi”); var value = regex.exec(document.cookie); if (value && value.length == 3) { var externalReferrer = value[1]; return (!FD.isInternalReferrer() || ((externalReferrer) && (externalReferrer > 0))); } return false; } function isHome() { var loc = “” + window.location; loc = loc.replace(“//”, “”); var tokens = loc.split(“/”); if (tokens.length == 1) { return true; } else if (tokens.length == 2) { if (tokens[1].trim().length == 0) { return true; } } return false; } function checkAds(checkStrings) { var cs = checkStrings.split(‘,’); for (var i = 0; i 0 && cAd.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(cAd.hash); cAd.style.display =’none’; } } } if (!ie) { for (var i = 0; i 0 && doc.body.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(fr.hash); fr.style.display =’none’; } } } } } if (document.dcdAdsAI.length > 0 || document.dcdAdsAG.length > 0) { var pingServerParams = “i=”; var sep = “”; for (var i=0;i 0) { var pingServerUrl = “/action/pingServerAction?” + document.pingServerAdParams; var xmlHttp = null; try { xmlHttp = new XMLHttpRequest(); } catch(e) { try { xmlHttp = new ActiveXObject(“Microsoft.XMLHttp”); } catch(e) { xmlHttp = null; } } if (xmlHttp != null) { xmlHttp.open( “GET”, pingServerUrl, true); xmlHttp.send( null ); } } } function initAds(log) { for (var i=0;i 0) { doc.removeChild(doc.childNodes[0]); } doc.open(); var newBody = fr.body; if (getCurrentOrd(newBody) != “” ) { newBody = newBody.replace(“;ord=”+getCurrentOrd(newBody), “;ord=” + Math.floor(100000000*Math.random())); } else { newBody = newBody.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } doc.write(newBody); document.dcdsAdsToClose.push(fr.id); } } else { var newSrc = fr.src; if (getCurrentOrd(newSrc) != “” ) { newSrc = newSrc.replace(“;ord=”+getCurrentOrd(newSrc), “;ord=” + Math.floor(100000000*Math.random())); } else { newSrc = newSrc.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } fr.src = newSrc; } } } if (document.dcdsAdsToClose.length > 0) { setTimeout(function() {closeOpenDocuments(document.dcdsAdsToClose)}, 500); } } }; var ie = isIE(); if(ie && typeof String.prototype.trim !== ‘function’) { String.prototype.trim = function() { return this.replace(/^s+|s+$/g, ”); }; } document.dcdAdsH = new Array(); document.dcdAdsI = new Array(); document.dcdAdsU = new Array(); document.dcdAdsR = new Array(); document.dcdAdsEH = new Array(); document.dcdAdsE = new Array(); document.dcdAdsEC = new Array(); document.dcdAdsAA = new Array(); document.dcdAdsAI = new Array(); document.dcdAdsAG = new Array(); document.dcdAdsToClose = new Array(); document.igCount = 0; document.tCount = 0; var dcOrd = Math.floor(100000000*Math.random()); document.dcAdsCParams = “”; var savValue = getAdCookie(“sav”); if (savValue != null && savValue.length > 2) { document.dcAdsCParams = savValue + “;”; } document.dcAdsCParams += “csub={csub};”; var aamCookie=function(e,t){var i=document.cookie,n=””;return i.indexOf(e)>-1&&(n=”u=”+i.split(e+”=”)[1].split(“;”)[0]+”;”),i.indexOf(t)>-1&&(n=n+decodeURIComponent(i.split(t+”=”)[1].split(“;”)[0])+”;”),n}(“aam_did”,”aam_dest_dfp_legacy”);

The 25-year-old from Dulwich Hill will miss out on the last two instalments, worth $1200 and $1500 respectively.

”This is something we have all been working towards and … have all been expecting to get,” she said. ”Just to be told it’s not happening any more is so disappointing.”

The Tools for your Trade payment, worth $915 million over four years, was axed in the federal budget. The government announcing eligible students could apply for the $20,000 loans instead.

But Ms Martin, who is working at Surry Hills restaurant Porteno, questioned how recently qualified apprentices would afford to pay the loan.

”For a chef, when you finish your training you are lucky to get a base salary of about $45,000 a year,” she said. ”It’s not a lot of money to be thinking about taking on $20,000.”

Under the scheme, apprentices have to start repaying the loan once their income reaches $53,345 a year.

The Greens have raised concerns about the loan scheme. Their analysis showed that it would take a carpenter on a starting salary of $40,000 up to 34 years to repay a $20,000 loan.

The estimates take into account the 20 per cent bonus an apprentice receives for completing their training and a 3.9 per cent pay rise.

The findings show an electrician on a starting salary of $62,000 would take seven years to pay off the loan, and a plumber starting on $55,000, eight years. A welder would take up to 13 years and an automotive engineer, 23 years.

Greens higher education spokeswoman Lee Rhiannon said: ”The Abbott government is trying to portray itself as a supporter of apprentices when in reality it is ripping more than $900 million out of apprentice training programs.”

The national secretary of the Construction, Forestry, Mining and Energy Union, Dave Noonan, said the loans scheme would discourage young people from entering into apprenticeships and exacerbate the skills crisis.

A spokesman for the Department of Industry said the Greens’ modelling was flawed and that the loans, which are indexed annually to the consumer price index, would take an average of eight years to repay once an apprenticeship is completed.

Pin It submit to reddit Email article Print Reprints & permissions […]

Grant turns into a loan for chefs

‘ + ‘ript>’); } function renderJAd(holderID, adID, srcUrl, hash) { document.dcdAdsAA.push(holderID); setHash(document.getElementById(holderID), hash); document.dcdAdsH.push(holderID); document.dcdAdsI.push(adID); document.dcdAdsU.push(srcUrl); } function er_showAd() { var regex = new RegExp(“externalReferrer=(.*?)(; |&|$)”, “gi”); var value = regex.exec(document.cookie); if (value && value.length == 3) { var externalReferrer = value[1]; return (!FD.isInternalReferrer() || ((externalReferrer) && (externalReferrer > 0))); } return false; } function isHome() { var loc = “” + window.location; loc = loc.replace(“//”, “”); var tokens = loc.split(“/”); if (tokens.length == 1) { return true; } else if (tokens.length == 2) { if (tokens[1].trim().length == 0) { return true; } } return false; } function checkAds(checkStrings) { var cs = checkStrings.split(‘,’); for (var i = 0; i 0 && cAd.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(cAd.hash); cAd.style.display =’none’; } } } if (!ie) { for (var i = 0; i 0 && doc.body.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(fr.hash); fr.style.display =’none’; } } } } } if (document.dcdAdsAI.length > 0 || document.dcdAdsAG.length > 0) { var pingServerParams = “i=”; var sep = “”; for (var i=0;i 0) { var pingServerUrl = “/action/pingServerAction?” + document.pingServerAdParams; var xmlHttp = null; try { xmlHttp = new XMLHttpRequest(); } catch(e) { try { xmlHttp = new ActiveXObject(“Microsoft.XMLHttp”); } catch(e) { xmlHttp = null; } } if (xmlHttp != null) { xmlHttp.open( “GET”, pingServerUrl, true); xmlHttp.send( null ); } } } function initAds(log) { for (var i=0;i 0) { doc.removeChild(doc.childNodes[0]); } doc.open(); var newBody = fr.body; if (getCurrentOrd(newBody) != “” ) { newBody = newBody.replace(“;ord=”+getCurrentOrd(newBody), “;ord=” + Math.floor(100000000*Math.random())); } else { newBody = newBody.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } doc.write(newBody); document.dcdsAdsToClose.push(fr.id); } } else { var newSrc = fr.src; if (getCurrentOrd(newSrc) != “” ) { newSrc = newSrc.replace(“;ord=”+getCurrentOrd(newSrc), “;ord=” + Math.floor(100000000*Math.random())); } else { newSrc = newSrc.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } fr.src = newSrc; } } } if (document.dcdsAdsToClose.length > 0) { setTimeout(function() {closeOpenDocuments(document.dcdsAdsToClose)}, 500); } } }; var ie = isIE(); if(ie && typeof String.prototype.trim !== ‘function’) { String.prototype.trim = function() { return this.replace(/^s+|s+$/g, ”); }; } document.dcdAdsH = new Array(); document.dcdAdsI = new Array(); document.dcdAdsU = new Array(); document.dcdAdsR = new Array(); document.dcdAdsEH = new Array(); document.dcdAdsE = new Array(); document.dcdAdsEC = new Array(); document.dcdAdsAA = new Array(); document.dcdAdsAI = new Array(); document.dcdAdsAG = new Array(); document.dcdAdsToClose = new Array(); document.igCount = 0; document.tCount = 0; var dcOrd = Math.floor(100000000*Math.random()); document.dcAdsCParams = “”; var savValue = getAdCookie(“sav”); if (savValue != null && savValue.length > 2) { document.dcAdsCParams = savValue + “;”; } document.dcAdsCParams += “csub={csub};”; var aamCookie=function(e,t){var i=document.cookie,n=””;return i.indexOf(e)>-1&&(n=”u=”+i.split(e+”=”)[1].split(“;”)[0]+”;”),i.indexOf(t)>-1&&(n=n+decodeURIComponent(i.split(t+”=”)[1].split(“;”)[0])+”;”),n}(“aam_did”,”aam_dest_dfp_legacy”);

The 25-year-old from Dulwich Hill will miss out on the last two instalments, worth $1200 and $1500 respectively.

”This is something we have all been working towards and … have all been expecting to get,” she said. ”Just to be told it’s not happening any more is so disappointing.”

The Tools for your Trade payment, worth $915 million over four years, was axed in the federal budget. The government announcing eligible students could apply for the $20,000 loans instead.

But Ms Martin, who is working at Surry Hills restaurant Porteno, questioned how recently qualified apprentices would afford to pay the loan.

”For a chef, when you finish your training you are lucky to get a base salary of about $45,000 a year,” she said. ”It’s not a lot of money to be thinking about taking on $20,000.”

Under the scheme, apprentices have to start repaying the loan once their income reaches $53,345 a year.

The Greens have raised concerns about the loan scheme. Their analysis showed that it would take a carpenter on a starting salary of $40,000 up to 34 years to repay a $20,000 loan.

The estimates take into account the 20 per cent bonus an apprentice receives for completing their training and a 3.9 per cent pay rise.

The findings show an electrician on a starting salary of $62,000 would take seven years to pay off the loan, and a plumber starting on $55,000, eight years. A welder would take up to 13 years and an automotive engineer, 23 years.

Greens higher education spokeswoman Lee Rhiannon said: ”The Abbott government is trying to portray itself as a supporter of apprentices when in reality it is ripping more than $900 million out of apprentice training programs.”

The national secretary of the Construction, Forestry, Mining and Energy Union, Dave Noonan, said the loans scheme would discourage young people from entering into apprenticeships and exacerbate the skills crisis.

A spokesman for the Department of Industry said the Greens’ modelling was flawed and that the loans, which are indexed annually to the consumer price index, would take an average of eight years to repay once an apprenticeship is completed.

Pin It submit to reddit Email article Print Reprints & permissions […]

Chef loses dough as grant turns into a loan

‘ + ‘ript>’); } function renderJAd(holderID, adID, srcUrl, hash) { document.dcdAdsAA.push(holderID); setHash(document.getElementById(holderID), hash); document.dcdAdsH.push(holderID); document.dcdAdsI.push(adID); document.dcdAdsU.push(srcUrl); } function er_showAd() { var regex = new RegExp(“externalReferrer=(.*?)(; |&|$)”, “gi”); var value = regex.exec(document.cookie); if (value && value.length == 3) { var externalReferrer = value[1]; return (!FD.isInternalReferrer() || ((externalReferrer) && (externalReferrer > 0))); } return false; } function isHome() { var loc = “” + window.location; loc = loc.replace(“//”, “”); var tokens = loc.split(“/”); if (tokens.length == 1) { return true; } else if (tokens.length == 2) { if (tokens[1].trim().length == 0) { return true; } } return false; } function checkAds(checkStrings) { var cs = checkStrings.split(‘,’); for (var i = 0; i 0 && cAd.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(cAd.hash); cAd.style.display =’none’; } } } if (!ie) { for (var i = 0; i 0 && doc.body.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(fr.hash); fr.style.display =’none’; } } } } } if (document.dcdAdsAI.length > 0 || document.dcdAdsAG.length > 0) { var pingServerParams = “i=”; var sep = “”; for (var i=0;i 0) { var pingServerUrl = “/action/pingServerAction?” + document.pingServerAdParams; var xmlHttp = null; try { xmlHttp = new XMLHttpRequest(); } catch(e) { try { xmlHttp = new ActiveXObject(“Microsoft.XMLHttp”); } catch(e) { xmlHttp = null; } } if (xmlHttp != null) { xmlHttp.open( “GET”, pingServerUrl, true); xmlHttp.send( null ); } } } function initAds(log) { for (var i=0;i 0) { doc.removeChild(doc.childNodes[0]); } doc.open(); var newBody = fr.body; if (getCurrentOrd(newBody) != “” ) { newBody = newBody.replace(“;ord=”+getCurrentOrd(newBody), “;ord=” + Math.floor(100000000*Math.random())); } else { newBody = newBody.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } doc.write(newBody); document.dcdsAdsToClose.push(fr.id); } } else { var newSrc = fr.src; if (getCurrentOrd(newSrc) != “” ) { newSrc = newSrc.replace(“;ord=”+getCurrentOrd(newSrc), “;ord=” + Math.floor(100000000*Math.random())); } else { newSrc = newSrc.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } fr.src = newSrc; } } } if (document.dcdsAdsToClose.length > 0) { setTimeout(function() {closeOpenDocuments(document.dcdsAdsToClose)}, 500); } } }; var ie = isIE(); if(ie && typeof String.prototype.trim !== ‘function’) { String.prototype.trim = function() { return this.replace(/^s+|s+$/g, ”); }; } document.dcdAdsH = new Array(); document.dcdAdsI = new Array(); document.dcdAdsU = new Array(); document.dcdAdsR = new Array(); document.dcdAdsEH = new Array(); document.dcdAdsE = new Array(); document.dcdAdsEC = new Array(); document.dcdAdsAA = new Array(); document.dcdAdsAI = new Array(); document.dcdAdsAG = new Array(); document.dcdAdsToClose = new Array(); document.igCount = 0; document.tCount = 0; var dcOrd = Math.floor(100000000*Math.random()); document.dcAdsCParams = “”; var savValue = getAdCookie(“sav”); if (savValue != null && savValue.length > 2) { document.dcAdsCParams = savValue + “;”; } document.dcAdsCParams += “csub={csub};”; var aamCookie=function(e,t){var i=document.cookie,n=””;return i.indexOf(e)>-1&&(n=”u=”+i.split(e+”=”)[1].split(“;”)[0]+”;”),i.indexOf(t)>-1&&(n=n+decodeURIComponent(i.split(t+”=”)[1].split(“;”)[0])+”;”),n}(“aam_did”,”aam_dest_dfp_legacy”);

The 25-year-old from Dulwich Hill will miss out on the last two instalments, worth $1200 and $1500 respectively.

”This is something we have all been working towards and … have all been expecting to get,” she said. ”Just to be told it’s not happening any more is so disappointing.”

The Tools for your Trade payment, worth $915 million over four years, was axed in the federal budget. The government announcing eligible students could apply for the $20,000 loans instead.

But Ms Martin, who is working at Surry Hills restaurant Porteno, questioned how recently qualified apprentices would afford to pay the loan.

”For a chef, when you finish your training you are lucky to get a base salary of about $45,000 a year,” she said. ”It’s not a lot of money to be thinking about taking on $20,000.”

Under the scheme, apprentices have to start repaying the loan once their income reaches $53,345 a year.

The Greens have raised concerns about the loan scheme. Their analysis showed that it would take a carpenter on a starting salary of $40,000 up to 34 years to repay a $20,000 loan.

The estimates take into account the 20 per cent bonus an apprentice receives for completing their training and a 3.9 per cent pay rise.

The findings show an electrician on a starting salary of $62,000 would take seven years to pay off the loan, and a plumber starting on $55,000, eight years. A welder would take up to 13 years and an automotive engineer, 23 years.

Greens higher education spokeswoman Lee Rhiannon said: ”The Abbott government is trying to portray itself as a supporter of apprentices when in reality it is ripping more than $900 million out of apprentice training programs.”

The national secretary of the Construction, Forestry, Mining and Energy Union, Dave Noonan, said the loans scheme would discourage young people from entering into apprenticeships and exacerbate the skills crisis.

A spokesman for the Department of Industry said the Greens’ modelling was flawed and that the loans, which are indexed annually to the consumer price index, would take an average of eight years to repay once an apprenticeship is completed.

Pin It submit to reddit Email article Print Reprints & permissions […]

Money talks: Banks offering cash to entice customers

‘ + ‘ript>’); } function renderJAd(holderID, adID, srcUrl, hash) { document.dcdAdsAA.push(holderID); setHash(document.getElementById(holderID), hash); document.dcdAdsH.push(holderID); document.dcdAdsI.push(adID); document.dcdAdsU.push(srcUrl); } function er_showAd() { var regex = new RegExp(“externalReferrer=(.*?)(; |&|$)”, “gi”); var value = regex.exec(document.cookie); if (value && value.length == 3) { var externalReferrer = value[1]; return (!FD.isInternalReferrer() || ((externalReferrer) && (externalReferrer > 0))); } return false; } function isHome() { var loc = “” + window.location; loc = loc.replace(“//”, “”); var tokens = loc.split(“/”); if (tokens.length == 1) { return true; } else if (tokens.length == 2) { if (tokens[1].trim().length == 0) { return true; } } return false; } function checkAds(checkStrings) { var cs = checkStrings.split(‘,’); for (var i = 0; i 0 && cAd.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(cAd.hash); cAd.style.display =’none’; } } } if (!ie) { for (var i = 0; i 0 && doc.body.innerHTML.indexOf(c) > 0) { document.dcdAdsAI.push(fr.hash); fr.style.display =’none’; } } } } } if (document.dcdAdsAI.length > 0 || document.dcdAdsAG.length > 0) { var pingServerParams = “i=”; var sep = “”; for (var i=0;i 0) { var pingServerUrl = “/action/pingServerAction?” + document.pingServerAdParams; var xmlHttp = null; try { xmlHttp = new XMLHttpRequest(); } catch(e) { try { xmlHttp = new ActiveXObject(“Microsoft.XMLHttp”); } catch(e) { xmlHttp = null; } } if (xmlHttp != null) { xmlHttp.open( “GET”, pingServerUrl, true); xmlHttp.send( null ); } } } function initAds(log) { for (var i=0;i 0) { doc.removeChild(doc.childNodes[0]); } doc.open(); var newBody = fr.body; if (getCurrentOrd(newBody) != “” ) { newBody = newBody.replace(“;ord=”+getCurrentOrd(newBody), “;ord=” + Math.floor(100000000*Math.random())); } else { newBody = newBody.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } doc.write(newBody); document.dcdsAdsToClose.push(fr.id); } } else { var newSrc = fr.src; if (getCurrentOrd(newSrc) != “” ) { newSrc = newSrc.replace(“;ord=”+getCurrentOrd(newSrc), “;ord=” + Math.floor(100000000*Math.random())); } else { newSrc = newSrc.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } fr.src = newSrc; } } } if (document.dcdsAdsToClose.length > 0) { setTimeout(function() {closeOpenDocuments(document.dcdsAdsToClose)}, 500); } } }; var ie = isIE(); if(ie && typeof String.prototype.trim !== ‘function’) { String.prototype.trim = function() { return this.replace(/^s+|s+$/g, ”); }; } document.dcdAdsH = new Array(); document.dcdAdsI = new Array(); document.dcdAdsU = new Array(); document.dcdAdsR = new Array(); document.dcdAdsEH = new Array(); document.dcdAdsE = new Array(); document.dcdAdsEC = new Array(); document.dcdAdsAA = new Array(); document.dcdAdsAI = new Array(); document.dcdAdsAG = new Array(); document.dcdAdsToClose = new Array(); document.igCount = 0; document.tCount = 0; var dcOrd = Math.floor(100000000*Math.random()); document.dcAdsCParams = “”; var savValue = getAdCookie(“sav”); if (savValue != null && savValue.length > 2) { document.dcAdsCParams = savValue + “;”; } document.dcAdsCParams += “csub={csub};”; var aamCookie=function(e,t){var i=document.cookie,n=””;return i.indexOf(e)>-1&&(n=”u=”+i.split(e+”=”)[1].split(“;”)[0]+”;”),i.indexOf(t)>-1&&(n=n+decodeURIComponent(i.split(t+”=”)[1].split(“;”)[0])+”;”),n}(“aam_did”,”aam_dest_dfp_legacy”);

Among the major banks, NAB’s UBank is offering new customers $2,014; the Commonwealth Bank has a $1,000 rebate for first home buyers; Westpac-owned St George, Bank of Melbourne and BankSA are all offering $1,250 to new customers; and ANZ is offering up to $1,000 to cover the costs of customers who switch banks.

Non-bank lender Better Choice is seeking to tap into concerns about fuel prices by offering new customers discounts of between 10c and $1 a litre on petrol, depending on how much they borrow.

Several of the offers have been launched in the opening months of 2014, as banks scramble to win new customers in an environment of very cheap credit.

Mortgage Choice chief executive Michael Russel, who has worked in mortgage broking for 13 years, said banks made these offers from time to time but he had never seen so many cash inducements being offered.

”I cannot recall this many banks offering this many cash rebates at the same time,” Mr Russel said.

Kirsty Lamont, of interest rate comparison website Mozo, said the number of banks offering cash inducements had surged compared with spring last year, after the last cut in official interest rates in August.

”There’s been a huge spike in the number of lenders offering cash back sweeteners to borrowers, especially refinancers,” she said. ”With interest rates so low, banks are having to find other levers to pull.”

All of the offers have specific conditions, such as as minimum borrowing amounts or deposits.

With the Reserve Bank this week predicting a ”period of stability in interest rates,” Mr Russel said he would not be surprised if more lenders start to promote cash-backs as way to appeal to borrowers.

However, the trend comes amid a debate about the banking industry’s heavy focus on on winning new business via discounting or perks such as cash backs, rather than passing on savings to their existing customers.

The chief executive of RBS and former senior CBA executive, Ross McEwan, last month said the British bank would no longer offer the most attractive prices to new customers.

”We will reward our customers for loyalty and stop giving the best deals only to those who switch banks or apply online,” he wrote in the Guardian.

The executive chairman of Yellow Brick Road, Mark Bouris, has also urged the government’s financial system inquiry to investigate banks’ discounting policies, saying they limit market transparency.

CBA’s general manager of home loans, Clive van Horen, said the bank had found that offering cash was often simpler for customers than trying to explain the savings of a lower interest rate.

”The simplicity of $1,000 cash for a fist home buyer is quite appealing,” he said.

Banks would inevitably offer inducements to new business, but there was not a ”massive disparity” between what its old and new customers were paying for credit.

”It’s like any new business. One is going to be targeting offers to new customers,” he said.

He said the bank had not changed its lending standards since the global financial crisis. ”We have absolutely not relaxed our credit standards,” he said.

Pin It submit to reddit Email article Print Reprints & permissions […]

Wonga:

Thumbnail

3:45am, Fri 20 Dec 2013

Wonga: ‘Strict policy’ not to advertise to kids

Last updated Fri 20 Dec 2013 Politics Payday Loans

Controversial payday loan lender Wonga has denied it actively shows adverts during children’s TV programmes, arguing it has a “strict, long-standing policy” not to advertise to young adults.

Wonga is well known for its TV ads featuring a trio of elderly puppet characters named Betty, Joyce and Earl who explain the process of taking out a short-term cash loan to viewers.

The idea that Wonga advertises on children’s TV channels or programmes is a myth. We have a strict, long-standing policy not to advertise in this way.

– Wonga spokesman

Their denial came after a group of MPs called for a ban on payday loan adverts during children’s TV shows.


More top news


Festive charts: Top 10 downloads revealed

The Pogues and the late Kirsty MacColl’s hit “Fairytale of New York” is the most downloaded Christmas pop song.

about 2 hours ago

Family: Lee Rigby ‘touched a lot of people’s hearts’

In the second part of an interview with ITV News, members of Lee Rigby’s family say they believe his death has united the country.

about 7 hours ago

Reddit user receives cow from Bill Gates in Secret Santa

A Reddit user has received a cow from Microsoft chairman Bill Gates as part of the site’s Secret Santa gift exchange.

about 10 hours ago […]

Taking A Look At A low interest rate Payday cash loans unlock …


Taking A Look At A low interest rate Payday cash loans unlock iphone

juli 25th, 2013 fdgcdgzgx Blog

show you how to select an experienced selection around for your business needs, to ensure unlock iphone – Certifications in addition to the required permits certainly are a crucial part of the health care industry. Just be sure you list every one of your permit, along with their legitimate date ranges. In addition, take into consideration any sort of packages, ce classes, or even authorities policies that you’re certified along with; all of these products should really be included in your cv. Not only do people spotlight an individual’s experience, but also present assurance in your possible boss that you simply meet many of the specifications on the location, state and federal services in order to be utilized for your own industry. The way to find the sort of popular music and also grooving Looking at one further continue ( space ) things to look for in addition to exactly who to request help Wide spread & all round actual check-up:, A variety of. Hybrid cars can assist lower your taxes By far the most normally created error during curriculum vitae style and design consist of utilizing desing templates which have been already obtainable in Microsoft Word. While these kinds of themes give a quick, simple equipment to make your own job application, they are out of date, and they’ll create your job application seem to be simple together with uninviting. In addition, all these web themes, although perfectly methodically arranged throughout Ms word, are not going to turn perfectly any time mailed or maybe uploaded to be able to employment online search engine web-sites. Together with the birth involving change on line financial loans, the operation of financial loan control as well as request has had a different. At the same time the web loans are fast, the approval is readily examined because of the loan provider including the specifics of the applicant. And the mortgage loan, after accepted, is done on hand within the quickest of your time doable.

A payday loan is additionally called delayed downpayment, cash advance on the web personal loans on line immediate cash Loans least expensive payday loans Online. Cash loan on line makes it possible for customers to receive income generally $100 for you to $1,1,000 to get a short period of time interval in opposition to their own future salary.

The HDFC bank delivers HDFC personal cash loan in great amount to satisfy the necessity for the client. The money sum ranges by 50,000 rupees to help 20 lakh rupees. More and more people choose such a mortgage loan with regards to personal needs.

People home refinance their minute house loan to reduce lower their own regular monthly mortgage payment, convert adjustable prices to help fixed rate financial loan etc. Loan refinancing is wonderful option when the consumer is actually intending to be in the home for a long time of time.

There are two essential methods credit ratings . can be much better, nevertheless both equally connect with truly clearing current debts. Each and every financial debt fully given back, the credit rating is adjusted keeping that in mind, therefore immediately after Five debt are generally eliminated, it will become prone to get yourself a home finance loan with less than perfect credit.

The loan amount beneath mortgage for folks upon advantages depends on different factors such as regular salary of your client, wellness reputation, monthly revenue, cash flow through price savings as well as assets etcetera. financial institutions along with finance companies arranged interest rate as well as period timeframe intended for reimbursement following verifying the particular financial condition along with credit score from the customer.

Lots of folks get almost certainly observed what “loan servicing” try not to understand the factors they will necessarily mean. Effectively, it’s not as complex as being a man or woman could imagine and it is an issue that everyone should understand should they ever determine that they are going to utilize a home finance loan in the course of the near future. It is because it all consists of mortgage loans, the lender, along with the firm as well as particular person becoming coppied the cash.

[…]

Don’t fall back on cash for graduation gift

Published: Sunday, June 2, 2013, 12:01 a.m.

Let’s face it. When it comes to graduation gifts, most students would probably prefer cold, hard cash. Or maybe a plane ticket for a European backpacking trip or a Mexican beach vacation.

But as student loan debt has leaped higher than a souped-up SAT score, it may be wise to think twice about what makes a good graduation gift.

In the past seven years, student loan debt for borrowers younger than 30 has catapulted, hitting $322 billion in December 2012, a 124 percent increase from 2005, according to a recent Federal Reserve Bank of New York study.

To get graduates off on a financially balanced footing, here are some money-savvy gift ideas.

Cash alternative: “Obviously, cash is king,” said personal finance blogger Joseph Audette, a personal finance writer/blogger for NerdWallet. But students, especially high school graduates juggling their own finances for the first time, can quickly blow through a lot of cash, he notes. Instead?

“Get a gift card from the university’s student bookstore. It’s a little more thought than writing a check and lets them use the funds for things they’ll really need in school.”

Give a book: Too often, friends and family feel pressure to spend lavishly on a graduation gift, said the 30-year-old financial blogger, who says $25 to $50 or even a money-minded book can be more than adequate. For the latter, he recommends:

•”The Millionaire Next Door”: “An easy read that puts young people in the right mind-set” for managing their spending and savings.

“A Random Walk Down Wall Street”: “A classic (that) provides great background for young graduates interested in investing.”

“Oh, the Places You’ll Go!”: “A (Dr. Seuss) children’s book that never gets old . and makes a surprisingly thoughtful graduation present.”

Old school: In their young lifetimes, many graduates today have likely never seen one: a paper U.S. savings bond. They became extinct on Jan. 1, 2012, and can be purchased only in digital form. (The only exception: Paper savings bonds can be purchased using your IRS tax refund.) To give a student a Series EE or I electronic savings bond, in amounts starting at $25, go to the U.S. Treasury website, TreasuryDirect.gov. It also offers free graduation gift cards that you can personalize and print out to include with your gift.

Long-term gifting: To introduce a young graduate to the benefits of long-term investing, try a mutual fund, said Lon Burford, a partner with wealth management firm Genovese Burford & Brothers in Sacramento, Calif. A fund like the Vanguard S&P 500, he said, is “a great teaching opportunity financially as graduates begin getting closer to when they’ll stand on their own two feet.

“With one gift, you’re helping them own Apple, Microsoft and Google, companies they’re interested in,” said Burford, as well as stock stalwarts such as Chevron and Procter & Gamble.

And with a mutual fund, he notes, students will get an annual report where they can track the performance of the dozens of companies they own.

Give a share: If you prefer, individual shares of stock — say, in a student’s favorite company — also can be a gift that keeps on growing. Obviously, a $450 share of Apple is beyond most budgets, but plenty of other companies are affordable.

Low-cost online stock-buying sites, like Capital One’s ShareBuilder, let a graduate get started. Its “Gift of Stock” promotion — with a $50 bonus for new accounts — is tied to graduates.

There also are personalized stocks from sites like OneShare.com in San Francisco, where you can buy a single share of a favorite stock, such as Nike or Disney. They can be framed with customized inscription.

Job-hunting help: For graduates heading into the work world, consider these: A new jacket or updated skirt/shirt for interviews. A resume- or blog-writing class. A laptop, if one is needed. A membership in a college alumni organization, which can help with job connections.

Buy an experience: Some young graduates heading off to four years of college studies or that first 9-to-5 job deserve a once-in-a-lifetime experience, said NerdWallet’s Audette, such as a gift certificate for sky diving or funds to fuel a cross-country road trip.

Splurge a little: For graduates who wind up with lots of cash from family and friends, financial experts say it’s certainly OK to splurge, at least a little.

A good rule of thumb: Spend 10 percent to 20 percent of your cash stash on whatever you want. For instance, if you receive $500, spend $50 to $100 on something fun.

“It’s the same advice we give adults: Reaching that goal deserves a reward. Celebrate with some of that money,” said Patricia Seaman of the National Endowment for Financial Education in Denver. “But if there are expenses that need to be covered – college tuition, textbooks or room/board – set that aside first.”

Seaman’s daughter, now a 19-year-old sophomore at a University of Wisconsin campus, dropped all her graduation gift money into her savings account, then used it for college extras her parents didn’t cover: social life, meals out, etc.

It’s the thought: Regardless of how much you spend, try to make it personal to what the graduate truly wants or needs, said Pam Krueger, executive producer of “MoneyTrack,” the PBS financial series.

For her hard-working niece, who graduates from college in May and starts a master’s education program in Boston next fall, Krueger is buying a gift she knows will be both wanted and needed: a smartphone. It’s replacing her niece’s “old school” flip phone that’s so ancient it doesn’t have texting, Internet or GPS.

Lastly, the best gift may be the simplest: a personal, inspiring message.

“Graduation is such a milestone moment,” said Krueger. “I still have a card from my dad that had five little words that I’ve carried with me ever since: ‘I have faith in you.’ “

2013 The Sacramento Bee (Sacramento, Calif.)

Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com

Distributed by MCT Information Services

[…]

Factbox: Breaking down the Dell bids

(Reuters) – Dell Inc said it received alternative proposals from Blackstone Group LP and Carl Icahn that might be superior to the $24.4 billion offer from founder Michael Dell and private equity fund Silver Lake Partners last month.

Details of the three bids follow.

SILVER LAKE/MICHAEL DELL PROPOSAL

– Cash bid is for entire company, valuing Dell at $13.65 per share.

– Silver Lake committed up to $1.4 billion in equity financing.

– Michael Dell will roll over 273 million shares of Dell stock, invest up to an additional $500 million in cash.

– An affiliate of Michael Dell investment vehicle MSD Capital will contribute up to an additional $250 million.

– Deal will target the repatriation of $7.4 billion cash from abroad.

– Deal would also be financed by a $2 billion loan from Microsoft Corp and between $11 billion and $12 billion in debt financing from Bank of America Merrill Lynch, Barclays, Credit Suisse and RBC Capital Markets.

BLACKSTONE PROPOSAL

– Leveraged recapitalization transaction that values Dell shares at more than $14.25 per share.

– Shareholders could choose to receive either all cash or stock (subject to a cap).

– Blackstone anticipates inviting large Dell shareholders to participate in transaction by rolling over their shares.

– Dell shares would continue to trade on Nasdaq.

– Received a “highly confident” letter from Morgan Stanley on Blackstone group’s ability to raise debt financing for transaction.

ICAHN PROPOSAL

– Cash bid for up to 58.1 percent of Dell, valuing the company’s shares at $15 each.

– Shareholders could elect to keep their Dell stock instead of the cash bid.

– Deal will be funded by $2 billion from Icahn Enterprises, Carl Icahn and affiliates; $7.4 billion of cash currently available at Dell; $5.2 billion in new debt; and $1.7 billion in new factoring receivable facility.

– Proposal assumes that large shareholders Southeastern Asset Management and T. Rowe Price would agree to remain shareholders in Dell. Icahn and affiliates would be willing to provide $2 billion in additional equity capital if the shareholders do not agree to roll over their holdings.

– Should there be leftover funding after investors choose to receive cash or remain shareholders in the company, the balance of the funding will be distributed to remaining Dell shareholders as a special dividend.

(Compiled by Michael Erman; Editing by Lisa Von Ahn)

[…]