Prepare a report highlights the main issues

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Reference no: EM131608752 , Length: word count:1600

£6000 Debt Grew To £116 000

If you don't repay a loan, and a lot of time passes, the debt can grow to unmanageable proportions, as happened to an unfortunate borrower in Manchester in the United Kingdom.

A grandmother has been forced to put her house up for sale after she ended up owing a massive £116 000-on a £6000 loan. Esther Osei, 57, borrowed the money in 1988 to pay for her father's funeral and to buy a new cooker for her Clayton home.

But she could not meet the cost of the loan and 18 years later, the amount she owed had grown to £116 000 ... Esther said: 'I borrowed the money when I was grieving for my father. I just signed the papers.'

When the lender applied to take possession of her home, Esther sought help by going to the North Manchester Law Centre. Lawyers negotiated a deal at Manchester County Court . . . A law centre spokesperson said Esther should never have entered into the loan agreement. 'It was a very high rate of interest.'

Required: Based on the above case study, prepare a report (or essay) that highlights the main issues. You can refer to other sources including the textbook.

Word limit: 1,500-2,000 (excluding references)

Format: Use a few headings to organise your report/essay. Abstract or executive summary is not required. You may use 2-5 relevant references.

Reference no: EM131608752

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Reviews

len1608752

8/22/2017 5:02:49 AM

Australian student, total 1600 words, please make sure I got 18 out of 20. Start thinking about this assignment ASAP. Please do not wait till the last minute. This will help you submit your assignment on time and you would not have to ask for extension which will also delay my work. Good essays cannot be written quickly and it makes sense to complete a draft and take a break from it (work on other assignments) and then review your own work (read it as if you have not written it to see if it says what you are really trying to say) and improve. After a few iterations you would have completed a good essay.

len1608752

8/22/2017 5:02:44 AM

I will be happy to answer any clarifying questions but please do not ask me to read your essay and provide comments before submission. Feedback will be provided after you have submitted your work. It is a relatively straight forward assignment so start working. Just worrying would not help. In overall terms, your essay should demonstrate a good understanding of the relevant concepts.

len1608752

8/22/2017 5:02:38 AM

Outstanding or exceptional work in terms of understanding, and interpretation of the issues Highly developed skills in expression and presentation Demonstrates imagination or flair. Demonstrates originality and independent thought. Highly developed analytical and evaluative skills and ability to solve very challenging problems Strong evidence of independent reading beyond core texts and materials and outstanding analysis of the most appropriate references. Demonstrates insight, awareness and understanding of deeper and more subtle aspects of the topic Most appropriate recommendations that follow directly from the analysis.

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