Month: July 2011

Cash Genie: payday and quick loans

Cash Genie is a company that offers small loans to borrowers who need a bit of extra money to get through unexpected expenses. The idea behind them is that, when life throws you a curve ball, you have somewhere to try to find the money to get through it. What they don’t do is offer long-term loan facilities; that’s the place of other organisations and, in any case, they are not the best option for this – their rates are designed for the short-term market, which means that they would be too expensive if you tried rolling the loan over for several months or years, as you’d expect a normal loan from a bank to do.

Cash Genie generally offers amounts of between £75 and £750 for a period of just one month. The cost for this is 30 percent – meaning that if you borrow £100, you would repay £130 a month later. Naturally, if you kept borrowing, this would snowball – the APR or annualised rate of interest on this basis would be 2339 percent. But the point is precisely not to keep borrowing: it’s to borrow once, when there are no other opportunities to find the money elsewhere, to get you out of trouble – and hopefully stay out of it. One comparison for looking at the interest rate is staying at a hotel. You might pay £50 or £100 for a night away somewhere, and not think too much of it (assuming the hotel was of reasonable quality). And it’s intended to be just that: a night, or a short time away. But if you think of it in annualised terms, the same stay would set you back up to £36,500 – obviously more than most people are willing to spend! In the same way, cash loans are supposed to be for a short period of time.

If you need to borrow money at short notice and can’t find it anywhere else, Cash Genie may be able to help. You’ll need to be over 18, own a debit card and earn at least £500 per month. The typical customer is in work but experiencing cash-flow problems; it makes sense for both parties that the borrower will be able to repay the money at the end of the month, since if not the company loses the money and the customer runs into further problems. Of course, you shouldn’t take on any kind of loan without careful thought first. One way of looking at it is, will the cost of not taking out the loan (in penalties, fines or lost services/earnings) be greater than the cost of the interest?

Please visit http://www.cashgenie.co.uk/ for further information about this topic.

http://www.cashgenie.co.uk/

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Suggestions for dealing with the stresses of social worker jobs

In recent years, social work jobs have become rather less popular as a career choice for school leavers, as a few high profile cases have drawn attention to the negative side of social services jobs.  Most notably, in the case of the tragic death of the infant known as Baby P, the social work team was landed by national newspapers with a significant amount of the blame for the events that lead to the child’s death.  However, the recent decision of the Sun newspaper to apologise unreservedly and pay undisclosed compensation to the social worker involved in the tragedy may give some hope to those who are worried about the effect of the press’s representation of the case on anybody considering social worker jobs.

Sylvia Henry, who was a social worker in Haringey, London for 23 years, was accused in articles published in the Sun of having been ‘grossly negligent’ in her handling of the Baby P case, and it was stated that  she was ‘thereby to blame for his appalling abuse and death’.  The newspaper had also alleged that Henry had shown no remorse for her failings, and had ducked responsibility for the child’s death.  The litigation disputed a series of articles published in the newspaper over four months from November 2008, which also stated that Henry was lazy and had often shown disregard for the safety of children.  As anybody who is employed within social services jobs tends to be motivated by a strong concern for the welfare of the children under their care, these allegations were surely extremely upsetting for Sylvia Henry.

The Sun also ran a ‘Justice for Baby P’ campaign, which named Henry and called for certain Harringey social services staff to be made redundant and barred from any future work with children.  The newspaper gathered 1.6 million signatures for its petition, which was taken to Downing Street.  After court proceedings between Henry and the newspaper, a spokesperson said that the Sun ‘unreservedly accepts that there is no justification for any of the allegations’, adding that she was not to blame in any way for anything done by the local services that may have contributed to baby Peter’s terrible abuse and death. Moreover, they accepted that she had done her very best for Peter, even making efforts to have him placed in foster care.

Many people with an interest in social work jobs have seen this decision as a positive move in terms of the tendency of the media to conduct witch-hunts against those in social services jobs in high profile cases such as this.  When a tragedy occurs, there is surely enough misery and heartbreak already, without having to drag those in social worker jobs through a professional and personal trial by the media.

Please visit http://www.socialworkandcarejobs.com/ for further information about this topic.

http://www.socialworkandcarejobs.com/

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