Should You Use an Installment Loan to Pay Off Your Credit Cards

Should You Use an Installment Loan to Pay Off Your Credit Cards Should You Use an Installment Loan to Pay Off Your Credit Cards? Should You Use an Installment Loan to Pay Off Your Credit Cards?Consolidating all of your credit card debt into a single installment loan will likely save you money, but itll probably mean larger monthly payments.Spending yourself into credit card debt is fairly simple: You spend more money on the cards than you currently have and repeat until youre maxed out. Getting yourself out of credit card debt, on the other hand, is a bit more complicated. You have many options, and none of them are easy.One of the ways you could pay off that debt is to consolidate all those cards into a single debt: a personal installment loan. You use that loan to pay off all your credit cards, leaving you with only one easy payment to make each month. Is this the best method for you? Read on to find out …Here’s how installment loans work.When you take out a personal loan, it’s going to be structured as an installment loan. This means that you pay the loan off in a series of fixed, regular payments. Yo u’ll be borrowing a single lump sum of money that you will repay plus interest.The interest rate on your personal loan will vary depending on your credit score. The higher your score, the more creditworthy you will be to a potential lender and the less interest they will charge you. The lower your score, the riskier you will seem and the more interest they will charge you in order to account for it.Interest on installment loans is accrued over time. The longer a loan is outstanding, the more interest it will accrue. However, that interest will accrue based on the remaining principal, so the actual amount of money you accrue in interest will grow smaller over time.Lastly, installment loans are amortizing, which means that every payment you make goes towards both the principal owed and the interest. The amount that goes towards each is determined by the loan’s amortization schedule, but you can rest assured that every on-time payment you make will bring you one step close to being out of debt.Will the loan save you money?Okay, so this question is actually pretty simple to answer: Yes, paying off your credit cards with an installment will almost certainly save you money in the long run.Here’s why: The standard term for a personal installment loan is anywhere between one and five years. And no matter how long the loan’s repayment term is, it’s pretty much guaranteed to be shorter than the length of time it would take you to pay off your credit cards making only the minimum payments.The monthly minimums for credit cards are often very small, with each payment only accounting for something like one to three percent of the amount owed. When interest rates are factored in, it could take you well over a decade to pay off those cards.Remember, the longer a loan or credit card is outstanding, the more money you will end up paying towards interest. All things being the same, the shorter repayment option will always be the one that saves you money overall.What’ s the interest rate?As we mentioned up above, interest rates for both personal loans and credit cards will vary depending on your credit score. So if you have good credit, you’ll probably be able to qualify for some personal loans at a reasonable interest rate.Furthermore, the interest rates for personal loans are generally lower than the interest rates for credit cards. So even if the rate is higher than you might prefer, it’s still probably lower than the rate you’re paying on your credit card.However, racking up a lot of excess credit card debt is going to lower your credit score, as the amount of debt you owe is the second most important factor in your credit score. This decreases the likelihood that you’ll find an online loan or a loan from brick-and-mortar lender  with a great rate.It’s a bit of a Catch-22 scenario: You want to find a low-cost personal loan to pay down your credit card debt, but you need to pay down your credit card debt in order to qualify for the l ow-cost personal loan.If you have a lousy score, you might be stuck with bad credit loans that actually have a higher interest rate than your credit cards. Way higher. Even if these loans don’t have rates as high as no credit check loans like payday loans, title loans, and cash advances, you’re still probably best off skipping debt consolidation and just trying to pay down your credit cards outright.What are your monthly payments?We mentioned earlier that the monthly minimum payments for credit cards are very small. Its a double-edged sword; those small payments make it much harder to get out of debt but it also means theyre fairly affordableâ€"especially relative to the amount of debt you owe in total.This is where we arrive at the biggest issue with consolidating your debt through a personal installment loan: Even with a lower interest rate, those shorter repayment terms almost guarantee that your monthly payment will be larger than the monthly minimums on your credit cards.If you’re struggling to afford your monthly minimum payments, this could make consolidation a non-starter for you. Saving money in the long run is great, but you still have to be able to afford your payments in the here and now.Here’s the flipside: Any debt repayment plan is going to involve paying more each month than you’re currently paying towards your monthly minimums. Don’t let those larger payments discourage you: trim your budget, maybe pick up a second job or side hustle, and get crackin’.What are other methods of debt repayment?Consolidating your credit cards onto a personal installment loan is a viable method of debt repaymentâ€"especially if you’ve got a decent credit scoreâ€"but it’s far from the only method out there.The two most popular debt repayment methods are the Debt Snowball and the Debt Avalanche. Both of these involve putting all of your extra debt repayment funds towards one debt at a time, rather than spreading them around evenly. The difference c omes in how they prioritize which debts to pay off first.With the Debt Snowball, you pay off your debt with the lowest balance first, working your way up to the debt with the largest balance. This will actually cost you a little more money in the end, but it prioritizes early victories to help you get the encouragement you need to keep going.The Debt Avalanche, on the other hand, keeps its eyes on the numbers. It has you prioritize your debts by interest rate, paying off the highest-rate debt first and then working your way down to the debt with the lowest rate. This saves you money compared to the Debt Snowball, but it could leave you waiting awhile before you notch your first debt pay-off victory.Lastly, you could transfer your credit card balances onto other cards using a zero percent APR offer. This gives you an interest-free grace period to work with, but carries the sizeable risk of leaving you with more credit card debt than when you began.To read more about getting out of de bt, check out  these related posts and articles from OppLoans:Want to Pay Off Your Debt? Try Building a Better Budget!What to Do When You Have Too Much Medical DebtFinancial Priorities: Which Debts Should You Pay Off First?8 Good Habits to Get Your Financesâ€"and Your Lifeâ€"on TrackDo you have a personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |Instagram

Should You Use an Installment Loan to Pay Off Your Credit Cards

Should You Use an Installment Loan to Pay Off Your Credit Cards Should You Use an Installment Loan to Pay Off Your Credit Cards? Should You Use an Installment Loan to Pay Off Your Credit Cards?Consolidating all of your credit card debt into a single installment loan will likely save you money, but itll probably mean larger monthly payments.Spending yourself into credit card debt is fairly simple: You spend more money on the cards than you currently have and repeat until youre maxed out. Getting yourself out of credit card debt, on the other hand, is a bit more complicated. You have many options, and none of them are easy.One of the ways you could pay off that debt is to consolidate all those cards into a single debt: a personal installment loan. You use that loan to pay off all your credit cards, leaving you with only one easy payment to make each month. Is this the best method for you? Read on to find out …Here’s how installment loans work.When you take out a personal loan, it’s going to be structured as an installment loan. This means that you pay the loan off in a series of fixed, regular payments. Yo u’ll be borrowing a single lump sum of money that you will repay plus interest.The interest rate on your personal loan will vary depending on your credit score. The higher your score, the more creditworthy you will be to a potential lender and the less interest they will charge you. The lower your score, the riskier you will seem and the more interest they will charge you in order to account for it.Interest on installment loans is accrued over time. The longer a loan is outstanding, the more interest it will accrue. However, that interest will accrue based on the remaining principal, so the actual amount of money you accrue in interest will grow smaller over time.Lastly, installment loans are amortizing, which means that every payment you make goes towards both the principal owed and the interest. The amount that goes towards each is determined by the loan’s amortization schedule, but you can rest assured that every on-time payment you make will bring you one step close to being out of debt.Will the loan save you money?Okay, so this question is actually pretty simple to answer: Yes, paying off your credit cards with an installment will almost certainly save you money in the long run.Here’s why: The standard term for a personal installment loan is anywhere between one and five years. And no matter how long the loan’s repayment term is, it’s pretty much guaranteed to be shorter than the length of time it would take you to pay off your credit cards making only the minimum payments.The monthly minimums for credit cards are often very small, with each payment only accounting for something like one to three percent of the amount owed. When interest rates are factored in, it could take you well over a decade to pay off those cards.Remember, the longer a loan or credit card is outstanding, the more money you will end up paying towards interest. All things being the same, the shorter repayment option will always be the one that saves you money overall.What’ s the interest rate?As we mentioned up above, interest rates for both personal loans and credit cards will vary depending on your credit score. So if you have good credit, you’ll probably be able to qualify for some personal loans at a reasonable interest rate.Furthermore, the interest rates for personal loans are generally lower than the interest rates for credit cards. So even if the rate is higher than you might prefer, it’s still probably lower than the rate you’re paying on your credit card.However, racking up a lot of excess credit card debt is going to lower your credit score, as the amount of debt you owe is the second most important factor in your credit score. This decreases the likelihood that you’ll find an online loan or a loan from brick-and-mortar lender  with a great rate.It’s a bit of a Catch-22 scenario: You want to find a low-cost personal loan to pay down your credit card debt, but you need to pay down your credit card debt in order to qualify for the l ow-cost personal loan.If you have a lousy score, you might be stuck with bad credit loans that actually have a higher interest rate than your credit cards. Way higher. Even if these loans don’t have rates as high as no credit check loans like payday loans, title loans, and cash advances, you’re still probably best off skipping debt consolidation and just trying to pay down your credit cards outright.What are your monthly payments?We mentioned earlier that the monthly minimum payments for credit cards are very small. Its a double-edged sword; those small payments make it much harder to get out of debt but it also means theyre fairly affordableâ€"especially relative to the amount of debt you owe in total.This is where we arrive at the biggest issue with consolidating your debt through a personal installment loan: Even with a lower interest rate, those shorter repayment terms almost guarantee that your monthly payment will be larger than the monthly minimums on your credit cards.If you’re struggling to afford your monthly minimum payments, this could make consolidation a non-starter for you. Saving money in the long run is great, but you still have to be able to afford your payments in the here and now.Here’s the flipside: Any debt repayment plan is going to involve paying more each month than you’re currently paying towards your monthly minimums. Don’t let those larger payments discourage you: trim your budget, maybe pick up a second job or side hustle, and get crackin’.What are other methods of debt repayment?Consolidating your credit cards onto a personal installment loan is a viable method of debt repaymentâ€"especially if you’ve got a decent credit scoreâ€"but it’s far from the only method out there.The two most popular debt repayment methods are the Debt Snowball and the Debt Avalanche. Both of these involve putting all of your extra debt repayment funds towards one debt at a time, rather than spreading them around evenly. The difference c omes in how they prioritize which debts to pay off first.With the Debt Snowball, you pay off your debt with the lowest balance first, working your way up to the debt with the largest balance. This will actually cost you a little more money in the end, but it prioritizes early victories to help you get the encouragement you need to keep going.The Debt Avalanche, on the other hand, keeps its eyes on the numbers. It has you prioritize your debts by interest rate, paying off the highest-rate debt first and then working your way down to the debt with the lowest rate. This saves you money compared to the Debt Snowball, but it could leave you waiting awhile before you notch your first debt pay-off victory.Lastly, you could transfer your credit card balances onto other cards using a zero percent APR offer. This gives you an interest-free grace period to work with, but carries the sizeable risk of leaving you with more credit card debt than when you began.To read more about getting out of de bt, check out  these related posts and articles from OppLoans:Want to Pay Off Your Debt? Try Building a Better Budget!What to Do When You Have Too Much Medical DebtFinancial Priorities: Which Debts Should You Pay Off First?8 Good Habits to Get Your Financesâ€"and Your Lifeâ€"on TrackDo you have a personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |Instagram

The Positivism Criminology s Theory Of Human Evolution

The Positivism criminology developed in early XIX century together and was based on belief in science as a higher form of knowledge. The main features are determinisms, which assume that criminal behaviour can be conditioned by certain factors, not controlled by man. Second is individualism, specifically oriented on offender, not on criminal act itself. In contrary to classic theory, positivism believes that crime committed by human is not the result of decision-making (free will), but combination of different factors, like biology, psychology and sociology. Positivist had significant part in changing Criminal Justice System, they encouraged validity of treatment and reformations programs as way of improvement. The major influence on biological positivism had English naturalist Charles Darwin (1809-82) and his publications â€Å"On the Orgin of Species†(1859), which enclose theory of human evolution. According to Darwin,† humans come from animals and as them are subject to laws of nature rather than free will† Burke, (2009, p.63). The worth mentioning here is atavism ‘the nation that some individuals are born with features of more primitive forms of humanity†¦less suited to human civilization; more prone to aggression, with less self-control’ Jones (2013 ,p.9)which was part of Lombroso theory. Cesare Lombroso (1876) was one of the leading members of this ideology and ‘father’ of the Italian School of Positivist Criminology .He rejected Classical School andShow MoreRelatedThe Theories And Theories Of Criminology1772 Words   |  8 PagesIntroduction Criminology has emerged as a science in the recent years, and various theories and perspectives have been developed by the social scientists and criminologists in this regard. 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Dell Computers Case Study - 1357 Words

Analysis of the current situation: The Environment: Economy State: Over the decade of 1980 till 1990; the personal computer industry in the United States has grown to a $40 billion dollar industry fueled by remarkable advancements in the technologies of both storage and data processing. However, these breakthroughs have caused this rapid growth to come to an end. As the vast spread of these technologies made personal computers become a commodity, where customers are looking for the best bargains in terms of price from mass dealers; rather than looking for professional advice on what’s best for them from a certified computer dealer. Cultural and Social Values: Dell believes that maintaining direct and trusty relationships with†¦show more content†¦And 11% of the retails personal computers, which are mainly used by small to medium businesses. ï‚ § Compaq: A clone manufacturer of IBM who entered the market in 1982. IBM concentrated its efforts on making their personal computers the rightful option for corporations; which resulted in a rapid increase in the demand that IBM couldn’t satisfy. This was a great opportunity for Compaq to enter the market and prosper using retail dealers to reach customers. In 1987, Compaq was witnessing tremendous growth in sales which led Compaq to be recognized as an important player in the personal computer market. And since then it is one of the firmly established companies in the computer industry. Compaq holds 71% of the branded desktops used by the fortune 1000 companies (since it’s a clone of IBM so naturally they would target the same segment). And only 19% of the retail personal computers. In addition to other competitors who imitated Dell in their successful direct distribution strategy such as Gateway2000 and CompuAdd companies. Threat of new entrants: Rapid advancements in technology have created a low entry barrier for new competitors to enter the market as long as they know how to market their computers. Threat of substitute products: There isn’t any substitute for personal computers so the threat of substitute products doesn’t really exist. Bargaining Power of Suppliers: Technological advancements made it muchShow MoreRelatedCase Study Dell Computer4973 Words   |  20 PagesCASE STUDY amp; ARTICLES: DELL COMPUTER ARTICLES amp; INFORMATION Supply Chains - A Manager s Guide - Chapter 1 (abstracts) by David A. Taylor Cost reduction is the number-one reason that companies initiate supply chain improvements. But there’s an even bigger opportunity here: Supply chain improvements are good for the bottom line, but they can be even better for the top line. 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In this report we are going to analyse the business environment of the computer industry in the form of a PESTE which stands for Political, Economical, Social-Cultural, Technological and Environmental. We feel that it is important to analyse the environment of a business as it will help the business to identify the Opportunities and Threats surrounding it. Using the case study of Dell we have identified the following opportunities and threats of the computer industry. Read MoreHbs Dell Case Study Analysis Essay747 Words   |  3 PagesDell Computer Case Study Nova Southeastern University Dell’s Success Michael Dell at the age of 19 founded Dell in 1984, a company best known for selling affordable personal computers and laptops. As a pre-med freshman at the University of Texas at Austin, Michael starts  a new computer business under the name of PCs Limited. His vision carried over to Dell with the idea of customer experience as a differentiator with risk-free returns and next-day, at-home product assistance. Dell a very successfulRead MoreGlobal Value Chain : Lincoln University Essay1297 Words   |  6 Pages0 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 3.0 Global Value Chain Definition†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 4.0 GVC Example 1: Adidas†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...3 4.1 Value 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 4.2 Value 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 5.0 GVC Example 2: Dell†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.....5 5.1 Value 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦5 5.2 Value 2†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦6 6.0 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦7 2.0 INTRODUCTION: The 21st century has come with big changes to production processesRead MoreMgt 301 Module 3 Case Study788 Words   |  4 PagesIntroduction The purpose of this paper is to answer the following questions posed in module three case study assignment: â€Å"Can Michael Dell be successful in turning around Dell Computers? What are some of the main initiatives (related to Organizing) that Dell has implemented in order to turn Dell Computers around?†. To answer these questions we must determine what organizational design is and what Michael Dell has done to his company with regards to Organization Design. Organization Design What is

Steps to Take to Prevent Foreclosure Essay - 1384 Words

There are many programs available to stop a foreclosure which is a reactive approach to solving the foreclosure problem. We can’t turn back time and change the fact that houses have depreciated in value or prevent an unexpected layoff, but moving forward we can take steps to prevent further foreclosures. One obvious method is to promote awareness about the negative risks of overextending one’s credit. We see ads on television about the ill-effects of drugs and alcohol, but it’s rare to see an ad about avoiding the use of credit cards. In fact, the opposite is happening; companies are going overboard in sending credit card offers to families all types of families—those that can responsibly use them and those who are up to their†¦show more content†¦Many people take expensive vacations and put them on credit, not worrying about the long term implications. They live for the moment recklessly instead of planning for a sound financial future. This impulsive, egocentric need for self-pampering and indulging creates long term financial problems that people don’t anticipate. I appreciate that life can be short and we need to find some sort of happiness, but expensive self-indulgent vacations, luxury vehicles, and gambling at casinos when one cannot af ford such things is reckless and irresponsible. If one lives alone, perhaps they can take these risks, but most people that own homes have families with children, and it’s not fair to the kids to be ousted from their homes due to their parents’ irresponsible habits. In addition to people being accountable, mortgage lenders should not be enticing homeowners with equity to take out homeowners loans. That only puts more financial burden on families. If homeowners had some equity built up, they could use that if one parent got expectedly laid-off. Equity should be considered a sort of saving account to be used for hard times, not for luxuries. Too many families repeatedly take out home equity loans, resulting in having to pay both a mortgage and a home equity loan. People need to think long term instead of expecting organizations to bail them out or to claim bankruptcy. I truly believe that most economic crises could beShow MoreRelatedHow to Solve the Foreclosure Crisis Essay1086 Words   |  5 PagesThe solution to the Foreclosure Crisis is the implementation of continual, mandatory education classes that must be attended and passed, or penalties will be applied to the homeowners. A little tough love from the lender and the government is nec essary. Just as our parents follow through and continue to teach us throughout our lives, so must the lenders and the government take the time to â€Å"sit† every homeowner down to make them learn and realize that being a homeowner comes with big responsibilitiesRead MoreA Solution To the Foreclosure Crisis Essay955 Words   |  4 PagesThe foreclosure crisis has reached new heights since the all-time high deficit in the economy. U.S. foreclosure rates went up more than 81% and 861,664 families lost their homes to foreclosure in 2008 (Les Christie). Also, 54 households received a foreclosure notice last year (Les Christie). So what is the solution? Bold action is needed to address this serious issue. 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Mod Sun by Mod Sun free essay sample

Mod Sun is a rapper who started out touring with a few rock bands as a drummer. He soon became his own independent artist and is now very successful. He has seven albums and is currently on tour. What is unique about Mod Sun is he does not see his â€Å"fans† and â€Å"fans† he sees them as friends. There are many interviews that you will come across in which he always says â€Å"no fans, only friends† and â€Å"I do not have a fan base, I have a friend base†. His message he portrays through his music is loud, clear, and genuine: BE HAPPY. Mod Sun’s music is at times highly inappropriate, but there is always a lesson to be learned from each song. One of my favorites is â€Å"Lightning In A Bottle† from the album â€Å"Blazed by the Bell† which talks about saving people’s lives through his music. A girl wrote him a letter and in that letter it tells him that one of his songs saved her life. We will write a custom essay sample on Mod Sun by Mod Sun or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It goes on to say how that is more precious than any award that could be won or any amount of money that could be given. In this song he says â€Å"Heard you were headed down the wrong road, head spinning like a cyclone, so imma do what I came to do and teach you all a thing or two and get you on your way back home.† In his music it shows how humble he is and how much he just loves what he does as well as helping people which is more than we can say for some artists out there. Another song that he wrote was a remake of a song written by Alicia Keys titled â€Å"It Doesn’t Mean Anything† from the album â€Å"How to Make a Mod Sun†. This song talks about following your dreams no matter what and the struggle that it takes but in the end you can make it if you just never, ever give up. He also says that having everything does not mean anything if you do not do what makes YOU happy. Mod Sun’s music is so genuine and speaking as a person whose passion is in music and making a difference in at least one person’s life, he is incredibly amazing. His music has not only helped me in my everyday life, but it has helped millions of people in their lives I am sure. His music could be considered â€Å"hippy music† but I promise you that you will not regret listening to his music. It will bring you tears of joy in your eyes, content in your heart, a smile to your face, and most importantly a new view on life. You will feel some emotions that you did not know you could feel. Although at times he in inappropriate you will not regret listening, especially on your worst days.

15 - GEOG - 123 Essays - Glacier Bay National Park And Preserve

15 - GEOG - 123 Anthony November 22, 2000 Travels In Alaska Travels in Alaska takes readers on a trip to Alaska through the vivid descriptions of the author, John Muir. The book is based on journals Muir wrote during his visits to Alaska in 1879, 1880, and 1890. These chronicles of his journey relate his observations of nature, glaciers, and the many people he met. Traveling on foot, by canoe, and dogsled Muir experienced excitement discovering unfamiliar types of lands and animals. Each summer Muir and his new found Presbyterian missionary friend S. Hall Young accompanied by Tlingit Indian guides launched extensive voyages of discovery in a thirty foot canoe. John Muir was a naturalists who loved to go to wild places and experience the wonders of nature. Chapter One of Travels In Alaska is inspired by the beautiful scenery Muir writes in his boat in route to Puget Sound. He describes the scenery, weather, and hospitality shown to him by the individuals he met during his journey through the Alexander Archipelago to Fort Wrangell and Sitka. Also, a man named Mr. Vanderbilt offered John a room and a place at his table. The Vanderbilt family occupied the best house in the fort and this is where he found a real home; with the chance to go on all sorts of excursions as opportunity offered. Muir's steamer goes first to Sitka, then on to Wrangell. The Klondike gold rush was yet to begin, but John heard of twenty-eight miners who had just gone from Sitka into the Yukon to prospect. The next summer he came across and interviewed a number of the original twenty-eight miners in S.E. Alaska in Sum Dum Bay. While in Wrangell Muir was adopted by the Stickeen Bunch 2 tribe, and given an Indian name (Ancoutahan) that means adopted chief. Being adopted by the Stickeens was a excellent safeguard while John was on his travels among the different tribes of the archipelago. No one belonging to the other tribes would attack him, knowing that the Stickeens would hold them accountable. Muir also describes feasting and dancing at Chief Shakes blockhouse, and experiencing the most beautiful sunset he had ever seen. The 350 mile Stickeen river was the beginning of the route to the Cassiar and MacKenzie gold fields. Steamers could navigate the first 150 miles to Glenora and old Hudson's Bay trading post; and sometimes another 15 miles to Telegraph Creek. Muir describes the river by its superb canyon, magnificent cliffs, and mountains with glaciers and waterfalls. John explains the failed attempt to sail the steamship Cassiar to visit the Chilcat tribe. However, he did some glacier walking after the Cassiar had to turn around and describes the glacier thoroughly. Nevertheless, John embarks on a second trip up the Stickeen River. John hikes far into the interior with a partner named Le Claire who told him many stories of his adventurous life with Indians, bears, wolves, snow, and hunger. On John's return trip he met several groups of Indians on the move, going north to hunt. Furthermore, Muir enjoyed his inland side trip. Muir sets out from Glenora to climb Glenora Peak and describes the sweeping views of the almost infinite space of the Coast Range. During the exploration of the Stickeen Glaciers, Muir does extensive glacier walking making many scientific and artistic observances. John Muir was determined to go as far north as possible, to see what he could. On October 14, 1879, John Muir and Mr. Young left Wrangell. Using Vancouver's chart, they generated a journey more than eight hundred miles long. Muir and Young stopped at many villages and camps along he way. With one or two exceptions, all the villages expressed their willingness to receive them. After Bunch 3 visiting the village of Hoonah Muir and Young crossed Icy Strait into Glacier Bay. Camping on the beaches of the Grand Pacific Glacier he describes the sunrise against that Fairweather Range. Vancouver's chart showed no trace of Glacier Bay that they had discovered. The Chilcats are the most influential of the Thlinkit tribes. While with the Chilcats, Muir and Young had five meetings, each of them delivering speeches. They began to feel quite at home in the big block house with their hospitable Chilcat friends.