2012

Entry 070: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Sydney Solan

My story about short term financing is a personal one; it takes place at a summer camp. Based on my experiences with summer camp, it is a place of personal growth, constant laughter and true friendship. It is a place of memories both cherished and embarrassing. My summer camp memories were made at Camp Frontier, a small coed camp located 35 miles south of the Skyway Bridge in Riverview, Florida. It is located on a masonic campground. The grounds have a lake, a lodge building, a lake, six cabins, horse stables, a sports field, a crafts hut, an infirmary a craft shack and ten acres of woods to explore. It is owned by the Collar family. Brian Collar, after losing his first wife, remarried Dianne Collar and received four stepchildren. They were like royalty at that camp. They knew that place backwards and forwards. Some were counselors, some were counselors in training, most were just campers, but they were like my adopted family. (more…)

Entry 069: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Nina Jaliashvili

Financial Aid Short-term financing creates an avenue for individuals to obtain financial benefits for their personal use or business reasons. Such finances are extended over a period of three months or less to offer short-term relief. The amount of finances extended to an individual depends on their creditworthiness and size of collateral. When an individual requires financing for the business, it must be proven that the accounts receivables and inventories are growing. The inventory levels and amounts of account receivables will act as collateral that will determine the amount of finance to be offered by the lender. Before any financing can be extended to an individual, financial statements must be provided. They will be used to determine the credit risk that the lender will expect and the amount to extend. (more…)

Entry 068: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Adam Bender

Sometimes, a little help can go a long way to benefit a person’s life. As a graduate student entering my first semester in the anthropology program at the University of Central Florida, I understand the importance financing has to an individual. Short-term financing allows an individual or small business to concentrate on providing goods or services to society while their costs are paid by another party. Although short-term financing is usually reserved for the entrepreneur domain, this essay is for a scholarship. Thus, I will limit my thoughts to the academic aspect of ephemeral financial aid. Similar to an entrepreneur, a student requires funding to afford the basic necessities, avoiding concern, and focusing on their education. Earning a degree entails study and research, actions that demand time and dedication with as little distractions as possible. (more…)

Entry 067: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Getasha Doobay

Whenever thinking about our dreams and aspirations, we fantasize and yearn for the greatness, success, and satisfaction that result from accomplishing these goals. However, waking to reality we realize that these desires have a cost in the form of time, effort, commitment, persistence, sacrifices, and various necessary resources. One universal and primary resource for everyone in all their ambitions is money. Aside from the preceding key investments needed for achievement, majority of the time, these do not suffice without financial investment. (more…)

Entry 066: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Lauren Brugger

Unforeseen expenses affect individuals every day. Whether the need for new car tires, a steep decline in income, or medical bills, short-term financing allows people to continue perpetuating forward in life. While short-term financing has its downfalls, such as interest, strict repayment terms, and added debt, the benefit of sustaining one’s financial stability is priceless. Responsible adults everywhere are struggling in the current economic climate, often living paycheck to paycheck even as they budget within their means and work to pay off debts acquired in a more prosperous time. Life events, such as unemployment, illness, and car issues, have the ability to wipe out a family’s savings and send them into survival mode. Without the availability of short-term financing, these individuals may fall further into despair. Short-term financing allows these individuals to continue to forge through the tough times towards a better future. (more…)

Entry 065: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Stephanie Flores

Short term financing has benefitted my family and I tremendously. It helped my parents from foreclosure about seven months ago when we did not have the money to pay for our mortgage. We had to take a short term loan from the bank to save our home. My father has been unemployed for over three years and has no luck finding a job. My mother on the other hand was laid off from Citibank and had a job lined up, but the pay cut was severe and it did not cut it for the bills. My sister and I both work part time and with the little we make we help them with the bills. I am twenty one years old but feel like I am in my thirty’s, this depression has really hurt my family’s financial status and has put us to the test to save our home, keep the electricity running and also pay for our school. (more…)

Entry 064: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Erick Vargas

In today’s fast moving, instantly gratifying economic world, a system of finance that matches or even parallels the speed at which business through exchanges of capital and goods takes place is extremely necessary and beneficial to individuals worldwide. Today, this system of finance or capital outlet is known as short-term financing; a procedure well renowned for its usefulness and reliability on an expedited notice. Within circumstantial scenarios, short-term financing can be invaluable to an individual in a world where capital dictates one’s success. From an individual purchasing a good or service to a small business in need of funds, short-term financing has been known as the “safety net” during rough times that consumers and businesses can count on every time. (more…)

Entry 063: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Karim Elsheikh

Short-term financing can benefit a person’s life in several ways. In terms of a college student, it is especially beneficial, but it can help anyone in any stage of their life. It allows people in society to advance in their careers, livelihood and education whilst saving time, which is very precious in our world today. As the old saying goes, “time is money”. Many people practice financing every day in their lives, sometimes without realizing it. This is why it is important to understand how advantageous financing is so one may gain full benefit from it. (more…)

Entry 062: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Robin Palmer

Financing, whether short-term or long-term, has been a part of our lives for generations. From personal experience, most things in life have to be financed. Sometimes you just need to borrow a few bucks from a friend or family member to fix your broken down car. Sometimes you finance larger amounts to buy a new car once you give up on the old broken down one. I have financed a large variety of things from my big screen TV, vet bills for my beloved pets, new car, and school. At this point in my life I look forward to financing my own home. (more…)

Entry 061: Short Term Financing

National Payday Scholarship 2012 Official Entry SealBy: Alexander Hayes

“Oh hey, here’s $10,000; go buy yourself something nice.” “Awww REALLY? This is so cool! Thank you so much man!” “…Just pay me back in about two years,” and he coughs, “pLUs INterEST!” Money just is not important anymore, is it? If we want an object we cannot afford, we just buy it and charge it on our credit cards to pay it off later. (more…)