Whenever I think of money lenders, the first name that comes to my mind is that of Shylock, the Jewish money lender in Shakespeare's popular drama, The Merchant of Venice. Shakespeare's money lender characterized the old stereotype prevalent at the time that money lenders were unfeeling and cruel people, emerging at the most inopportune times like leeches to drain off the money of the unfortunate borrowers.
Thankfully, this stereotype is no longer as prevalent as it used to be. Perhaps part of the reason is that the moneylenders in the world of today are not individuals. Instead, they are corporations. It is far more difficult to associate human failings such as dislike, bitterness, and the desire for revenge, with corporations. Sure, they may be made up of a number of individuals, each of whom has a distinct failing. But despite that, the general belief is that the sheer numbers of people will keep the organization fair.
In the world of today, everyone seeks out loans in an attempt to afford more and more things. Thanks to the sudden growth in the field of loans, we can now make use of things that would otherwise have remained beyond our reach. These days, we can think of buying the dream house without those decades of work life. In the world today, studying in the best universities is not as out-of-the-way as it used to be. Who should we be thanking? The money lenders of today -- the finance companies.
Of course, just as we cannot associate human failings with corporations themselves, should not expect them to be kind and generous either. All they are doing is business, and we should be professional in our dealings with them as well. But what if you are just not able to repay a particular loan?
Relax! Life is no longer as tough for a defaulting debtor. If you find yourself in such a situation, you should think about going in for an Individual Voluntary Agreement (IVA). By doing this, you are getting into a legal agreement with your creditors, promising to pay them an amount that is feasible as per your monthly income, for a period of five years. After that, the remainder of the debt will be written off.
It does appear to be a bad deal for the creditors of the world. But then, not just anyone can avail of an IVA for debt relief. To apply, you have to be a full time employee, and there will be checks on the inflow and outflow of cash. And if you are worried that you will not get loans in the future, don't worry. Most loan companies have a vast selection of adverse credit loans for people like you.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
PINES battery operated car.
By: Sandra D'Agostino | 30-08-2008
Pines battery operated car about 20 years old for children age 5 thru 6 years old.
Anyone have any experience in Medium Term Note ...
By: brent Connell | 29-08-2008
Anyone have any experience in Medium Term Note trading programs.
Work From Home making real money
By: youcansuccceed | 29-08-2008
Have you checked out www.believeyoucansucceed.unifiedwealthsolutions.com. What do you think about it or what do you know about this company? It is awesome for us but I wanted to see what others experiances have been?
How to get a start up business loan with having ...
By: otchbc1 | 29-08-2008
how to get a start up business loan with having bad credit. I am in desparte need of $150,000-$175,000 to start a business, but I have bad credit and no collateral..How do I get this done
thank you for your help
Financial Question
By: Pamela | 29-08-2008
What kind of account is best to place your money so that it gets interest or whatever to grow without playing the money market?
Non-disclosure agreement
By: wildfungi | 29-08-2008
Where can I find someone to invest in my Idea? I'm a Chef 20 yrs stuck in the kitchen. I have invented the next 4~men grill....set it & 4 get it.. (you get the idea)I've done~Market research, Prototype development, Engineered drawings, Patent search and lots more. Please help.
Q&A Powered by:
Latest Non-Fiction Articles
Book Marketing: the Day That is Different for Your Career Strategy
By: Rosey Dow | 06/10/2008
Make an informed decision about the direction of your writing career--print or online, or both.
In the Lap of the Gods 22
By: Steve Morgan | 05/10/2008
For those who have read the other 21 chapters
A Week in the Life of the Single Working Mother
By: Karen Dosw | 03/10/2008
A humorous article about a week in the life of one South African, single mom with two adult children and two little ones.
Why You Should Write for Free
By: Deborah Owen | 01/10/2008
Write for free? I can hear you saying, “Are you nuts?” Write for free, so you can get paid. Read more inside.
Why You Should Write for Free
By: Deborah Owen | 01/10/2008
You asked if they had a job opening. They said no. They told me “no”, too, but I got the job anyway. Read more inside.
Becoming a Reporter is Easy
By: Deborah Owen | 01/10/2008
Do you want to be a reporter? It’s a great way to break into print, and the jobs aren’t that hard to get. Read this article to learn more.
Writing it Down
By: Galina Nemirovsky | 29/09/2008
Lately I’ve developed a compulsion to write everything down. Stringing words together and composing sentences in the shower, I want to write it all down – remember it – capture it. I stare at people in the subway and craft their character descriptions in my head...
The Modern Lily Tomlin
By: Galina Nemirovsky | 29/09/2008
I’m waiting in a conference room that smells like the corner of career aspiration and stale office carpet. The overly heavy and overly bitter receptionist has a voice that is piercing through the makeshift conference room with walls that only go up about 7 feet. Like an annoying hiccup, she keeps repeating “Good morning, Hudson. Your name? Hold please.” Over and over again. She is an extra large version of what the rest of the world has automated already.
More from Ajeet Khurana
Get Going With Race Games
By: Ajeet Khurana | 17/07/2008 | Art and Entertainment
When you play racing games you probably feel happier because you really enjoy them. Physiologically playing a game can make us feel better because of the effects on the brain. It is amazing that people become addicted to these games because after all they are just entertainment option. However, when...
Online and Offline Car Race Games
By: Ajeet Khurana | 17/07/2008 | Art and Entertainment
If you want to play race car games then the best way to do so is to play online. The Internet is chock full of websites that have such sports so your best option is to search different websites and find the ones that you would love. Of course, there...
Know More About Addicting Games
By: Ajeet Khurana | 16/07/2008 | Art and Entertainment
If you have played games online before then you are well aware of the many addicting sports out there. For some reason when you begin with a fun program you want to continue because you enjoy it and also because you simply want to win it. Usually, it takes time...
Know Everything About Dragonballz Games
By: Ajeet Khurana | 16/07/2008 | Art and Entertainment
Do you enjoy playing Dragon Ball Z games? If so then you might be interested in learning a little more about how the Dragon Ball Z came about. They are based on a show that was originally a Japanese animated series.
The show was first aired in 1989 and stayed on...
Know More About Popular War Games
By: Ajeet Khurana | 16/07/2008 | Art and Entertainment
Do you like to play war games? If so then you probably enjoy finding the different kind of sports out there and trying them out. There really are hundreds if not thousands of these on the web so finding the best ones can be mixed with playing plenty of undeserving...
Reasons to Play Game on the Internet
By: Ajeet Khurana | 16/07/2008 | Art and Entertainment
Do you like gaming? If so, then you need to play games online. There are so many different options when it comes to doing online that you will never have to leave your computer to have a lot of fun.
Too many people think you can only have the true experience...
Be a Sport, Play Car Games
By: Ajeet Khurana | 16/07/2008 | Art and Entertainment
There is nothing more exciting than playing car sport online. It really is a lot of fun and it's a great way to lose yourself in some excitement. You may not have known about the many different options of playing these online but there are in fact many.
Go ahead and...
Get Going For Driving Games
By: Ajeet Khurana | 14/07/2008 | Art and Entertainment
Online games are quite popular nowadays. If you are stressed then you should try out things that will help you relax Like playing online driving games!
Writing 
