advantages and disadvantages of “instant” finance

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: 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.