Student on spending spree after receiving over $1m in error

850,000 Pounds Student Loans Received in Error I know it is no longer news that a South Africa Student (named withheld) who is currently studying accountancy at the Walter Sisulu University in Mthatha, South Africa was mistakenly paid 850,000 Pounds instead of 85 Pounds she usually receives as grants on a monthly basis. The 85 Pounds serves as financial aids allowances for food and books. It was reported that instead for the 27 year old undergraduate to report the excess payment to the school authority, she decided to go on spending spree buying expensive clothes, phones and throwing birthday parties Continue ReadingStudent on spending spree after receiving over $1m in error

Online Loans: How to apply for payday loans online

Online Loans versus Traditional Loans Online loans are taking over the traditional loans that we are all used to gradually. It is just the same way online banking has taken over the era of traditional banking when you needed to physically be at the bank before you could conduct transactions. At times, you needed to queue up for a long time before you could be attended to. If someone told me that a time was coming that I would no longer need to be at the banking hall before I could have access to my bank account, I would have Continue ReadingOnline Loans: How to apply for payday loans online

Interest Rates: How to get low interest rates on any loan

Getting low interest rates is possible. You only need to know what to do. Let me start this article by explaining what interest rate means. Interest rate is the proportion of the amount charged by the lender on the outstanding balance of a loan. This is usually expressed as a percentage on an annual basis. On the other hand, it can be ged by the lenders on the loan made available to another person called borrower for use so that the person(borrower) can repay in a future time. Interest rates are usually charged on an annual basis. However, when the Continue ReadingInterest Rates: How to get low interest rates on any loan