Assignment 1 Essay
Words count: 2000 words
Essay Structure:
– Introduction
– Body
– Conclusion: May include Recommendation
– References: At least 6 references preferably From New Zealand (Not included in the word count)
Essay Question:
– Critically discuss advantages and disadvantages of instant finance options (short term loans). Discuss other financing options for need- based purchases. (usually small value, short term).
Related terms:
– Have a look on the following website for one definition of “instant finance loans and fast cash: .easyloansnz.com/instant-finance-loans-fast-cash”>http://www.easyloansnz.com/instant-finance-loans-fast-cash .
– Pay day loans
– Hidden cost
– Bankruptcy
– No Assets Procedure NAP
– Summary Instalment Order SIO
– Insurance
Have a look on sorted https://www.sorted.org.nz/a-z-guides/personal-loans#s2. Have a look on this section, and think how the options could be used for need based purchases. Also you can use sorted website as a reference.