More info on minimum wage would be good
Dave — Tue, 07/10/2007 - 10:05
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The problem is very clearly stated, very straightforward and understandable. A little more information would be helpful, however, perhaps posted as an "Open Forum" post linked to this problem. Do you have any facts that you could cite to back up your assertion? For example, what is the current federal minimum wage, and the average state minimum wage? What kind of yearly income would a person making this wage earn? What measures are there of the "actual cost of living?"
You don't need to add these stats -- the problem as written is certainly clear enough -- but they would help to frame the issue.
The demand for money is the
The demand for money is the demand by individuals and businesses for money held as cash as opposed to any other form of money. Right now, along with all of the perks of no credit check loans to pay bail bond fees, there may be a few negatives linked with unsecured no credit check financing, (See http:bailbondlenders.com), that one should be informed about previous to taking such unsecured financing. In comparison to various financial options, the fees and interest associated with the short term financing can be expensive! For example let's say you have gotton $575, in some cases the monetary fee is likely to be as high as $57 which is far too high. Additionally this fee could begin to pile up in case the customer is not able to pay the obligation straight away when it's due. Do not go rushing out to get one of these loans to bail somebody out of jail just because in case you default nothing may happen to your overall credit score! This is ripe for abuse.