Here is the synopsis of our sample research paper on Anti-Poverty Programs. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper discusses three "anti-poverty" programs as outlined by Karger; they are unsecured credit cards, rent-to-own companies, and payday loans. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: D0_HVAntPov.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
they help to reduce poverty; the source for the discussion is Howard Jacob Karger. Discussion Karger traces some of the mechanisms the poor us to combat their poverty. We are
not interested here in programs such as welfare or unemployment, but in such things as pawn shops and payday loans. In looking over the list of things the poor can
use to help themselves, were struck by the fact that theyre very expensive choices. The poor will not get out of poverty using things like payday loan companies, which charge
exorbitant interest rates. The first program is the secured credit card. Credit cards by and large are unsecured personal lines of credit. The issuing companies take a chance that the
person to whom they grant the credit will use it wisely and repay the debt either over time by making monthly payments, or pay it off each month. When a
consumer does this, he has a good credit rating; its also unnecessary for him to have collateral to put against the debt. When someone has a secured credit card, they
are not given a line of credit as with the regular credit card. Instead, "to receive a secured credit card, the customer must open an interest-bearing savings account for the
amount of the credit line, usually a minimum of $200 to $5,000 (Karger, p. 131). The funds in the account cannot be accessed by the individual but are owned by
the bank, which gives the consumer a credit card with an amount of credit on it equal to the funds on deposit (Karger, p. 131). The cardholder pays the credit
charges as he would any other credit card; they are not deducted from the savings account; it is there to provide collateral only. Despite the fact that these cards are
...