A clock is an instrument used to indicate, keep, and co-ordinate time. The word clock is derived ultimately (via Dutch, Northern French, and Medieval Latin) from the Celtic words clagan and clocca meaning "bell". A silent instrument missing such a mechanism has traditionally been known as a timepiece.
A clock is an instrument used to indicate, keep, and co-ordinate time. The word clock is derived ultimately (via Dutch, Northern French, and Medieval Latin) from the Celtic words clagan and clocca meaning "bell". A silent instrument missing such a mechanism has traditionally been known as a timepiece.
Payday lending operations charge higher interest-rates than traditional banks and less commonly encourage savings or asset accumulation, they have the effect of depleting the assets of low-income communities.
Payday loans do not permit interest compounding; the principal amount remains the same, regardless of how long the loan is outstanding. Nevertheless, careful scrutiny of the particular measure of loan cost quoted is necessary to make meaningful comparisons.
A Payday loan (also called a Payday advance) is a small, short-term, loan secured against a customer's next pay check.The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card.
Credit card companies in some countries have been accused by consumer organisations of lending at usurious interest rates and making money out of frivolous "extra charges".[
Unsecured loans are monetary loans that are not secured against the borrower's assets. These may be available from financial institutions under many different guises or marketing packages
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