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Payday loans are typically small, short-term loans (usually two weeks, or until payday) provided by cash advance stores, with one-time fees attached — generally $15 to $25 per $100 borrowed. Nearly unknown 15 years ago, payday loan stores now in some place outnumber fast food franchises.
A borrower usually writes a check for the amount borrowed plus the fee, postdated to the next payday. If he can't pay the full amount then, he might roll the loan over, paying just the fee — say, $110 on a $500 loan — and agreeing to pay the $610 — the $500 balance plus another $110 fee -- in another two weeks. Consumer advocates and some lawmakers criticize payday loans as predatory, because fees correspond to annual interest rates of 300 percent and up.
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| Electronics developing has allowed to use widely clearing settlements in the form of the payment cards containing the ciphered information, allowing their holders to execute payings and to cash money.
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Bankruptcy
1) Observation which one purpose is to make so that the firm property was in an integrity and preservation, and to spend the financial analysis. In the course of the yielded stage the arbitration court assigns temporary controlling firm. It BTW does not mean, that the former chief should be discharged. At observation integrity of property and balance of financial circumstances of firm (for example, dividends are not produced and the firm structure will not be reorganised) is not disturbed. At violation of these regulations administration discharge of posts. Upon termination of observation the arbitration manager grants the record on financial circumstances of firm in court and makes a bid ABT (not) possibilities of regeneration of solvency. B4 arbitration court meeting on which one this record will be considered, the collection of plant managers is assembled. They decide – whether to introduce on him exterior handle or bankruptcy proceedings.
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| Money services a total product circuit, allocation and national income reallocation. By means of a torrent of money in cash and cashless forms - a money turnover as collections of all payings mediating driving of value in the monetary form between financial and not financial agents in interior and exterior economical turn-overs of country for the certain season, - are supplied global product implementation, usage of a national income and all subsequent redistribution processes in economics. The money turnover is reflectance of all monetary ratios in which one discover manifestation of function of money as circulating mediums and instruments of payment. Continuity vosproizvodstvennogo process guesses the continuous nature of a money turnover.
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| In modern company a principal view of monetary accounts are clearing settlements. Maximising intelligent use of money resources and abbreviation of distribution costs, the state will organise clearing settlements, instal conditions of their implementation and order of application of calculation documents. The system of clearing settlements represents planned architecture of the cashless money turnover regulated by nation-wide laws and banking regulations. Its main units are: principles of architecture of clearing settlements, methods of payings, forms of clearing settlements.
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| Clearing settlements are spent ground calculation documents of a due form and W observance of the conforming document circulation. Depending on sort of calculation documents, a means of payment and document circulation architecture in a jar for payers and fund receivers discriminate following ground forms of clearing settlements: accounts by money orders, the letter of credit method of payment, accounts by cotters, accounts by payment requests-commissions, offset of the cross requests, accounts by plastic cards.
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| The orb of application of the letter of credit method of payment is insufficiently wide, its specific gravity in structure of forms of clearing settlements is rather insignificant, but is stable as in the conditions of command economics, and market. The essence of the letter of credit method of payment consists that the payer entrusts with a jar servicing it to effect for the bill of the tools previously deponed on the bill, or against security a jar disbursement of material assets on location of the fund receiver subject to conditions, envisioned by the payer in the application on establishment of letter of credit.
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