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Payday Loans Charge 1040% Interest

Have you ever used or considered using a Payday loan? Do you think there are time to use a payday loan? I am sure there are some reasons to use a payday loan, but have you ever really considered what interest rate they are charing?

Sounds good right? Wrong. To give them $20 doesn’t sound like a lot, but consider that you are only borrowing $100 and you are paying so much to pay them back within 1 - 2 weeks normally.

What does a payday loan really cost in interest terms?

Let’s say you are borrowing $100 and going to pay $15 for 1 week loan.

What this translates to for this simple payday loan is an annual interest rate for this loan of 780% APR. If they charge you $20 instead of $15 for the 1 week payday loan you then are paying an interest of 1040% APR.


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How to Do a Resume

Effective resumes contain the most important information in the first page and are two pages in length at most. Data are summarized and presented in a clear and concise bullet form. The good utilization of white space also plays a part, as with the font and content layout.

Resumes must encapsulate your skills and experience, highlighting your good points and achievements. Resumes should contain the following information in a well presented manner:

* Profile
The profile is an integral part of your resume and should show an overview of your experience and skills. Your profile should be located within the first third of your resume, right after your name and contact information. You can use this section to highlight important areas of your career experience as well as identify your key abilities. Presenting a good profile will encourage employers to read through your resume.

* Achievements
List any achievements you may have attained or contributed to your present employer. Some of the best achievements to put down on a resume are those that are measurable through numbers and statistics. Achievements can help show a potential employer what you can do for them.

* Career History
Your career history must be detailed on your resume. Starting from the most current and listed in chronological order, provide your job title and the details for all the positions you have held. It is advisable to list down the most important responsibility and work your way downwards. If there are any gaps in your employment history, try explaining it briefly.

* Qualifications and Education
This section of your resume should simply list the degrees you have attained, along with details such as the date of qualification and the place of study. However, if you are still starting, it may be valuable to include more details about your qualifications, as long as the said qualifications hold some relevance to the position you want to get.

* Skills
Add in any skills and abilities that may be of significance to the position you are interested in. Skills applicable in the IT sector have increased in value, so it might do you well to include any skills and trainings in software, hardware, architectures, operating systems and the like.

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How To Repair A Bad Credit History

We all get into financially tight situations from time to time. Short term financial demands can catch anyone by surprise. It could be around the birth of a new child, medical expenses or just Christmas or birthdays. Whatever the reason, without care, financially tight situations can result in a bad credit history.

It’s possible to get a bad credit history very easily. The credit reference agencies, Experian, Equifax and Transunion, maintain details on almost every adult in the country and they have a level of detail that for many is frightening.

As a matter of course the credit reference agencies have your personal details, your name, address and previous addresses, as well as credit information. If you have a mortgage they know about it. If you have any loans, credit cards or store cards they know about them and they know what payments you make.

If you rent your home the odds are they know. In fact they usually know the details of virtually all financial arrangements where there is any risk of a debt arising.

If you’ve applied for loans, credit cards or many other purchases or financial arrangements they know you applied, even if the application was unsuccessful. They also know how much you borrow, your monthly repayments and if you are ever late with a payment - even if it’s by one day and caused by things outside your control!


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Wal-Mart considers acquisitions in U.S

NEW YORK (Reuters) - Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) is considering acquisitions in its home market as it seeks to open smaller stores and limit its reliance on giant supercenters for growth, the Financial Times reported in its online edition.

The move is seen as a response to the imminent opening in the United States of Tesco’s (TSCO.L: Quote, Profile, Research) “Fresh & Easy” neighborhood grocery markets, the report said.

The world’s largest retailer is seeking an executive to assess the “strategic implications of any possible M&A on our overall portfolio,” according to a Wal-Mart job posting cited by the FT.


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Making easy money with Amazon+Adwords without a website or technical exp.

While you’re required to have a website to sign up to the Amazon Associates program (UK, US), there’s nothing in the rules about having to use it to promote your links. It’s perfectly acceptable to pass links around in emails, or even per-per-click campaigns.

I decided to try my hand at putting some Amazon referral URLs directly into Google Adwords to see if I could make a few quid. I’ve never played the PPC game before, so I stuck £10 into my account, planning not to spend any more unless I was making a profit.

With both Halo 3 and the Xbox 360 Elite coming up, I thought bidding on “preorder Halo 3″ and “preorder xbox 360 elite” might make a few quid. While I didn’t sell many preorders, I have been making a few quid, so I thought I’d share some of my ideas. If you disagree or have any more, please leave comments below :)

The Goal is not Clicks
One really important thing when bidding on PPC is to remember that the goal is not to get as many clicks as possible. Anyone can write an advert that people will click out of curiosity, but that will just cost you money. You want to write your advert so that it will only be clicked by people prepared to buy.

Choose Specific Keywords
When trying to shift Halo 3 preorders, I deliberately didn’t bid on “Halo 3″ as a keyword. Think about how many people are searching for “Halo 3″ on Google, and what they’re after. A large portion of them will be looking for reviews, release dates, screenshots etc. Remember, we want buyers not clickers. In the end, I only bid on a few terms, and they all contained the word preorder or reserve since people searching for “preorder Halo 3″ are likely targets for ordering.

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Alarming rate of foreclosures grab political limelight in Cleveland

Cleveland is no more a place where a person can have peaceful possession of their dream home. Instead, it has become a home for homes with signs that say “resale” or “foreclosed property”. It is among the top list of
foreclosures. People here took sub-prime loans to buy their houses and now the same loan is forcing them out of their homes.

The number of foreclosures is increasing drastically every year in Cleveland and Cuyahoga. In 1995, the count was 3410, whereas in 2006, the count went up to 7010. It has gone up still further this year. Within seven months, it has become a whopping 13610 houses! Countrywide, the prevailing foreclosure rate is one for every 129 houses. In Cleveland, at least 30 percent of the sub-prime loans have become bad deals. Those who are in either a poor credit bracket or those who cannot get loans avail of sub-prime loans. However, an increase in the interest rates increases the monthly installment making it more difficult for the property owners to pay off the money borrowed.

County treasurer estimates that the count will exceed $1 trillion. This is far more than the loss of $300 billion that the county faced last year. Its implications on the financial institutions and subsequently on the New York Stock Exchange are very clear. Wall Street is having a tough time. Oversees too, the credit crisis is affecting economies.

The non-profit organizations are taking a stand against the foreclosure crisis .The non-profit group ESOP – “Empowering and Strengthening Ohio’s People” are helping those who have fallen into the prey of predatory loans. With their efforts, few people have managed to get out of this net. Many people from Cleveland, Euclid, Parma and many other places are
approaching ESOP to help them out with this problem. People from every stratum – homemakers, workers, nurses – approach them. Until now, they have helped more than 709 homeowners.


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Bad news: Home sales hit slowest pace in 5 years

Sales of existing homes dropped for a fifth straight month in July, falling to the slowest pace in nearly five years, while home prices fell for a record 12th consecutive month.

The National Association of Realtors reported that sales of existing homes dipped by 0.2 percent last month to a seasonally adjusted annual rate of 5.75 million units.

The median price of a home sold last month slid to $230,200, down by 0.6 percent from the median price a year ago. It marked the 12th consecutive month that home prices have declined, a record stretch.

The deep slump in housing, combined with recent severe turmoil in financial markets, has raised worries about a possible recession. But many economists believe the Federal Reserve will ward off a full-blown downturn by reducing a key short-term interest rate should financial market conditions fail to stabilize.

The steep slump in housing has trimmed overall growth for the past year and recently the economy has been shaken by spillover effects in financial markets. Rising defaults in subprime mortgages have triggered a serious credit crunch as investors have worried that hedge funds and other big investors in securities backed by subprime loans could suffer serious losses.

The 0.2 percent drop in July sales, compared with activity in June, marked the fifth straight monthly decline and left sales 9 percent below the level of a year ago. The sales pace was the slowest since November 2002.


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Could The U.S. National Debt Be Used As An Economic Weapon Against US

WASHINGTON, Aug. 20 — For years, the Bush administration has shrugged off concerns about the trillions of dollars that the United States owes to China, Japan and oil-producing countries in the Middle East, arguing that these debts give no undue leverage to foreign governments.

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The New York Times
But at a time of global financial instability, the administration has started to worry that foreign governments are increasingly converting their dollar holdings into investment funds to acquire companies, real estate, banks and other assets in the United States and elsewhere. The fear is that these so-called sovereign wealth funds could destabilize markets or provoke a political backlash.

In response, the Bush administration is pressing the International Monetary Fund and the World Bank to examine the behavior of these funds, which control up to $2.5 trillion in investments, and develop possible codes of conduct for them. Among the proposed rules would be an obligation to disclose investment methods and to avoid interfering in a host country’s politics.

Officially, the United States welcomes all investments, except those that could compromise national security. “Money is naturally going to gravitate toward dollar-based assets because of the strength of our economy,” the Treasury secretary, Henry M. Paulson Jr., said in an interview. “I’d like nothing more than to get more of that money. But I understand that there’s a natural fear that they’re going to buy up America.”


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Money: Educate Yourself With 20 Investments

Want to diversify your financial portfolio? Try reading Forbes’ writeup of twenty investment options, part of their stellar Investopedia service.
You’ll learn about all sorts of good stuff here: annuities, common stocks, corporate bonds, etc. Each definition is short and to the point, including information on objectives and risks.

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How Did The Nations Largest Banks & Investors Miss The Mortgage Crisis?

All through last year, Jim Melcher saw the signs of a rapidly deteriorating American housing market — riskier mortgages, rising delinquencies and more homes falling into foreclosure. And with $100 million in assets at his hedge fund, Balestra Capital, he was in a position to do something about it.

So in October, as mortgage-backed bonds were still flying high, he bet $10 million that these bonds would plunge in value, using complex derivatives available to any institutional investor. As his gamble began to pay off in the first months of 2007, Mr. Melcher, a money manager based in New York, plowed the profits into ever bigger wagers that the mortgage crisis would worsen further, eventually risking some $60 million of the fund’s money.

“We saw the opportunity of a lifetime, and since then events have unfolded on schedule,” he said. Mr. Melcher’s flagship fund has since doubled in value, even as this summer’s market turmoil cost other investors billions, forced the closing of several major hedge funds and pushed the stock market down 7 percent since mid-July. This week, Mr. Melcher is heading to Paris for a vacation with his wife.


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