Hence, to help with this, below are ten tips on how to write an introduction for an argumentative essay:
Example: “It is beneficial when you are in an emergency, in need of cash to repair your car or for a school project and the usual banks do not grant you a loan that you desire.” This brings us to turning to other sources of loans, but are you prepared to meet the risks?”
Definition and Appeal of Alternative Lending: First and foremost, the underlined concept is called alternative lending, and the reason why is explained next.
Business Terms: Peer to peer lending, short-term credit, payday loans.
Objective: Set out the goal of the article and that is to alert consumers about its topic, red flags in the lending business.
Expectations: In this article, six red flags will be discussed in detail.
Understanding Alternative Lending
Information requirement: Provide the meaning of what alternative lending comprises.
Keywords: Non-traditional loans, alternative financial services
Subcategories of non traditional loans: There are number of subcategories of the non traditional loans like payday loan, car title loans, and peer to peer lending.
Payday loans, title loans, peer-to-peer lending, Download as DOC
Advantages and Disadvantages: Enumerate on the pros of using the alternative lending as well as the cons of such.
Key words: Debt cycle risk, high interest rate
Exorbitant Interest Rates
Understanding: Getting an idea of what may be regarded as an outrageous rate of interest and the implications of such a rate for borrowers.
Keywords: APR, finance charges
Real-Life Example: It is important to cite a real-life example to show the effects of high rates.
Spotting: Guidelines on how to : Tips on some of the key things or factors that should alert the consumer when being charged a certain rate of interest.
Advice: basic tips on how to avoid such loans as well as how to get better interest rates.
Lack of Transparency
Outcomes for Lending Agreements: Relationship Terminologies**: These are the main reasons of universal concern when it comes to using clear terms and conditions while preparing lending agreements.
Headings: loan agreement, and concealed charges
Personal experience scenario: How a person who has gone through hidden fees or obscure conditions.
Red Flags: Such words or phrases would indicate what needs to be looked out for in terms and conditions that should be transparent.
It was tackled on how to prevent its occurrence or what measures one can take to make its understanding clearer for better decision making.
Aggressive Marketing Tactics
Understanding: Explain the common external pressures associated with the definition of aggressive marketing practices.
Some of the keywords may include: Cold calling, misleading advertisements
Example: The following is an example of an adverse result of aggressive marketing:
Beware: Gives information on when a company is probably employing predatory marketing techniques on its customers.
How to Respond: Strategies that must be taken in consideration to shield oneself from aggressive behaviour.
Inability to Access Information
Explanation: Importance of accessible customer service and information.
Keywords: Customer support, lender reputation
Role-play scenario: one of the challenges of the assumptions made when information is not easily recoverable.
Identification: A few characteristics of an untrustworthy lender.
Solutions: Where possible methods to check the credibility of a lender and retrieve the right data.
Pressure to Apply Quickly
Understanding: Why some of the lenders would consider the concept of quick decision making as important and the consequences.
Keywords: Rushed decisions, financial pressure
Example: A story is an experience of one of the participants who was coerced into making an unsound financial decision.
Pressure Signs: What to look for when identifying when pressure is being used.
Lessons learnt: For one to be in a position to make the right decisions it require time.
Lack of Regulation
Discussion: The subject associated with the regulation and its efficacy in the interest of the consumer.
Keywords: Regulatory oversight, consumer protection
For instance: An example can be given with the negative outcomes that resulted from their lack of regulation.
It is however important to understand the signs of unregulated lenders which are as follows:.
There must be protection strategies aimed saying that you are dealing with an entity regulated as below;
Conclusion
Recap: The priority issues discussed involve several arguments believed to be a myth while the red flags include unacceptable bullying behavior and cultural insensitivity.
Empowerment: Aso, inform the readers to be wise and careful borrowers. Conclude the article then call on the readers to share their stances on such issues or ideas they may have in the comments section.
Tips for Developing Further
Evidence: Underline in reliability and ensure that the claims are substantiated with statistical data and even cases.
Skillfully questions, plain descriptions, history illustrations, hoaxes, quizzes, jokes, or even rhymes, puzzles:**
CSS- Search Engine Optimization: Ensure that the keywords are used several times in the body of the text, in headings and subheadings of various levels.
Auditory: Use a graphic display, pie chart, bar graph, or any graphical display to enhance the understanding of certain principles.
Ethics: It is responsible for ascertaining that all the information provided by the system is both full and truthful to minimize any ethical issues in a bid to enhance its credibility amongst the users.
Below are some guidelines that would help one to develop an interesting article, which also serves the needs of the readers as well as create a good impression to Google AdSense. Please avoid using overly complicated words to make the piece easy to understand based on the target AUDIENCE, 8 th and 9 th graders.
