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GROUP 1, 3-4. Nguyễn Hồ Gia Hiển, 5-6. Nguyễn Lê Dương, 1-2. Hoàng Tiến…
GROUP 1
3. A loan shark
advantage
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from some people don't have money, they can borow money from them
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5. A pawnbroker
Advantages
Making it easy for everyone to borrow money, the procedure is quick and simple.You only need to bring valuable items, prove the legal origin of the property
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Many choices, easy to find this service.
Disadvantages
High, or very high interest rates
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Many pawnshops are fraudulent in business such as when customers take their cars, swap things, change things, foreclose on debts, high interest rates.
6. A credit-card company
Advantages
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Be ready for emergencies, cover unexpected expenses.
Disadvantages
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Can create bad debt, directly affecting you in the distant future.
Credit cards may require you to pay an annual fee for the credit card, spending over the limit, late fee,...
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2. Friend or colleague
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advantages
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Will be flexible. On a practical level, they may offer loans without security or accept less security than banks.
May agree to a longer repayment period or lower return on their investment than formal lenders. They may also seek a lower rate of initial return than commercial backers.
Already know your character and circumstances and so are less likely to need a detailed business plan.
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