These days one cannot guarantee a job just because you are educated and have got a higher degree. Your qualification is not of concern at times with the job demand higher then the actual availability. Under these circumstances many of us end up unemployed. Being unemployed after a good education does not hold pride but it is not in our hands. But many students would have taken up loans to study and these loans need to be paid off. These loans may be from various lenders and with a high interest rate. The debts because of these loans end up on a higher note and still repayment is a question mark. To help students out of this mess and make their life a lot better, student unemployed debt consolidation has been devised. Under this debt consolidation plan, lenders offer loans to students to clear off all their loans so that they can be debt free. This loan is specially designed for the students and so only students can avail it. These loans are available at a comparatively lower rate of interest. You have the secured student unemployed debt consolidation and the unsecured student unemployed debt consolidation. For the secured loan you need to place a collateral in the form of your house, car etc while for the unsecured loan you don't need any collateral. The interest rate for the unsecured loan is slightly higher then that for the unsecured loan. Availing this loan does not need your physical presence. You just need a computer and internet connection. With advancement in technology, lenders have started asking for loan application online. You also get details of the loan online so you can complete your search without actually moving around and get the best.Read More......
Thursday, September 17, 2009
The majority of UK loans are used to consolidate debt, with new cars and home improvements completing the top three uses of unsecured lending, according to figures released by Sainsbury's financial arm.
Sainsbury's Bank head of loans Peter Baillie states that 40% of personal loans are used to consolidate debt from other sources, rolling it up into one manageable amount with a single monthly payment. During the months of March and September loans are primarily used for the purchase of new cars which accounts for 30% of the annual totals, and there is a steady all year round demand for loans for home improvements, running at 25% of loans granted throughout the year.
Baillie added that customers who took out consolidation loans should consider whether the loan will clear off their debt, and not merely defer the problem for some time in the future, adding that it was important for customers to shop around, compare loans and make sure they were getting the best deal.
The figures from Sainsbury's research are backed up by Moneysupermarket.com, who also discovered that over five millions Britons believe that they will never escape debt, while over 28 per cent of Brits - almost 12.7 million - have taken out a loan to consolidate some or all of their debt. But, almost 66% of those who had taken out a consolidation loan continued to build more debt through taking out more loans, building up credit card debts or extending their overdrafts, with 21% of those questioned managing to build up more debt using all three.
Tim Moss, head of loans at moneysupermarket.com believes that debt has become part of the British psyche. He said: "Debt has become the curse of modern times. People need to be careful that the ease of credit doesn't catch them out. It can soon spiral into a debt sentence." And commenting on how times have changed in less than two generations, he added: "Forty years ago, being in the red was a last resort. It seems that many of today's Brits are much more accustomed to taking on debt - although being able to control it is another thing."
According to creditaction.org.uk personal debt in the UK is growing by 1 million every four minutes. Moneysupermarket.com has discovered that 31% of those in debt feel they can't stop it spiralling out of control. With interest rates rising and the cost of credit increasing, unless people who take out consolidation loans can maintain the discipline to stop adding to their debt burden, rather than use it as a licence to start spending again, the number of Britons who feel they are trapped in debt will only increase.
Bad credit debt consolidation might seem like an uncomfortable term to many people. This is because, people are still uncomfortable with terms like bad credit and debt. But these are realities we have to face at some time or the other. By understanding what a debt consolidation loan is, you can better understand what debt and debt relief really mean.
Stigmas And Scandals
Most people do not like to admit that they are in debt. In todays money-conscious world, it is easy to see why debt is such an unsavory and scary word. Oftentimes, financial stress can seem like a hopeless situation, as debts keep piling up so quickly that you just cant keep up. Instead of focusing on the stigma and self-pitying part of debt, it is far more effective to think positively about what you can do about it.
The good news is that, there are a number of ways to beat debt and best debt consolidation for bad credit holders has proven to be especially effective. The bad news is that, there are many crooked lenders out there, looking to make a fast buck. If you are looking for some helpful debt consolidation advise, there are a few hints you should keep in mind.
The Consolidation Situation
Before looking for consolidation program for people with poor credit, you should know what this kind of debt relief means. Debt consolidation advice involves clubbing all of your debts into one payment. This is useful because, it can be hard to keep track of multiple payments that have to be paid at different times. The lender will then take care of your debt for you, while you pay this lump sum off in regular payments. You will have to pay a lenders fee and work out a payment plan that is comfortable and workable for you.
Its easy to see why a trustworthy lender is needed for a bad credit debt consolidation. After all, you dont want to hand over your hard-earned money to someone who wont cover your payments. Even before checking fee structures, check the Better Business Bureau. If a certain lender has complaints lodged against them, they are best avoided. Another important aspect many people forget about is credit counseling. This can help you get your finances in order, so you do not fall into debt again. A good lender will offer this service free of charge along with your poor credit debt consolidation.
If you are feeling bogged down in debt by having many small loans and such as credit cards, the consolidation loan can take a huge weight off your mind and help you to get back on top of things and heading towards paying off your debt. However if you don't know what you are getting yourself into then consolidating your debts can just help you to dig the hole deeper and leave you struggling even more.
If you consolidate your debts the right way then you could end up paying a much lower monthly repayment although this might be over a longer period of time, so you should take this into account when it comes to knowing how much you will be paying back in total.
One big problem with the consolidation loan and which approximately 80% of people who take out a loan to consolidate their debts fall into the trap off, is using the loan for other than debt consolidation and running up further debt. The other problem with them is that once the majority of money has been used to pay off your creditors then it is very tempting to quickly get back into debt by taking out another loan or running up your credit card bill again.
When choosing a consolidation loan the first thing you should look out for is the amount of interest that you will pay on the loan. This of course will vary from lender to lender and shopping online is the best way to get quotes from various lenders before deciding which deal is the best for you.
As with the majority of loans there are different types available, two of the most popular are the secured and unsecured consolidation loan. The secured loan means that you have to secure something, which is usually your home on the loan, while the unsecured allows you to borrow money without putting your home on the line.
The best loans will allow you to repay varying payments without penalty, for example if you take the loan for 10 years and find after say 4 years that you can afford to repay more off the loan and pay it up early then some lenders will add a cost onto the loan for doing so. Where possible look for a loan that allows you the freedom of paying more while not giving you a penalty should you pay it up early.
Sunday, August 10, 2008
The Japanese high school students do not drive cars. Many either walk or ride bicycles if the distance is not too great. In other cases, students must take public buses and trains, often changing lines several times in order to reach their destinations. It is not uncommon for students to spend two or more hours each day on public transportation.
Once at school, the students usually enter an area full of small lockers in which they place their street shoes and don school slippers. These slippers may be color coded: pink for girls and blue for boys. Many schools have a weekly school-wide assembly. Then students assemble in their homeroom classes for the day's studies. The school day starts with classroom management tasks, such as taking attendance and making announcements. These activities usually are conducted by the students themselves on a rotating duty schedule called toban. Each homeroom has an average of 40-45 students. Students stay in their homeroom classrooms for most of the school day while the teachers move from room to room, operating out of a central teachers' room. Only for physical education, laboratory classes, or other subjects requiring special facilities do students move to different parts of the school. Between classes and at lunch time, classrooms can be noisy, lively places. Some schools may have a cafeteria, but most do not. Even in schools where a lunch is prepared and provided to the students, they usually eat together in their homeroom classrooms. In most schools, students bring a box lunch from home, almost always consisting of foods prepared by the mother in the early morning hours, such s rice, fish, eggs, vegetables, and pickles.
Club activities take place after school every day. Teachers are assigned as sponsors, but often the students themselves determine the club's daily activities. Students can join only one club, and they rarely change clubs from year to year. In most schools, clubs can be divided into two types: sports clubs (baseball, soccer, judo, kendo, track, tennis, swimming, softball, volleyball, rugby) and culture clubs (English, broadcasting, calligraphy, science, mathematics, yearbook). New students usually are encouraged to select a club shortly after the school year begins in April. Clubs meet for two hours after school each day and many clubs continue to meet during school vacations. Club activities provide one of the primary opportunities for peer group socialization. Most college bound students withdraw from club activities during their senior year to devote more time to preparation for university entrance examinations. Although visible in the general high school experience, it is in the clubs that the fundamental relationships of senpai (senior) and kohai (junior) are established most solidly. It is the responsibility of the senpai to teach, initiate, and take care of the kohai. It is the duty of the kohai to serve and defer to the senpai. For example, kohai students in the tennis club might spend one year chasing tennis balls while the upperclassmen practice. Only after the upperclassmen have finished may the underclassmen use the courts. The kohai are expected to serve their senpai and to learn from them by observing and modeling their behavior. This fundamental relationship can be seen throughout Japanese society, in business, politics, and social dealings.
Japanese students spend 240 days a year at school, 60 days more then their American counterparts. Although many of those days are spent preparing for annual school festivals and events such as Culture Day, Sports Day, and school excursions, Japanese students still spend considerably more time in class than American students. Traditionally, Japanese students have attended school for half a day on Saturdays; however, the number of required Saturdays each month is decreasing as the result of Japanese educational reforms. Course selection and textbooks are determined by the Japanese Ministry of Education. Schools have limited autonomy in their curriculum development. Students in academic high schools typically take three years each of the following subjects: mathematics, social studies, Japanese, science, and English. Other subjects include physical education, music, art, and moral studies. All the students in one grade level study the same subjects. Given the number of required subjects, electives are few.
At the end of the academic day, all students participate in o soji, the cleaning of the school. They sweep the classrooms and the hallways, empty trash cans, clean restrooms, clean chalkboards and chalk erasers, and pick up trash from the school grounds. After o soji, school is dismissed and most students disperse to different parts of the school for Extracurricular Activities.
An interesting component of Japanese education is the thriving industry of juku and yobiko, after school "cram schools," where approximately 60% of Japanese high school students go for supplemental lessons. Juku may offer lessons in nonacademic subjects such as art, swimming, abacus, and calligraphy, especially for elementary school students, as well as the academic subjects that are important to preparation for entrance examinations at all levels. Juku for high school students must compete for enrollment with yobiko, which exist solely to prepare students for university entrance examinations. Some "cram schools" specialize in preparing students for the examination of a particular school. Although it would seem natural for students to dread the rigor of additional lessons that extend their school day well into the late evening hours and require additional homework, many students enjoy juku and yobiko, where teachers often are more animated and more interesting than some of the teachers in their regular schools. Also, in many cases, the lessons studied in "cram schools" provide an intellectual challenge for students bored with the standardized curriculum of their regular schools.
Juku and yobiko are primarily private, for profit schools that attract students from a wide geographical area. They often are located near train stations, enabling students to transport themselves easily to juku directly from school. Juku and yobiko thrive in Japan, where it is believed that all people possess the same innate intellectual capacity, and it is only the effort of individuals, or lack thereof, that determines their achievement above or below their fellows. In Japanese schools, there is the tendency to pass students with their grade cohort. Therefore, without the supplemental juku lessons, some students could fall well behind their classmates. Yobiko also exist to serve ronin, "masterless samurai," students who have failed an entrance examination, but who want to try again. It is possible for students to spend a year or two as ronin after graduating from high school, studying at yobiko until they can pass a university entrance examination or until they give up. "Cram school" tuition is expensive, but most parents are eager to pay in order to ensure acceptance into a selective junior high school, high school, or university, and thus, a good future for their children.