Money Lenders License Laws And The Business Of Making Small Loans On Unsecured Notes Chattel Mortgages Salary Assignments A Handbook

Author : Clarence Hodson
Publisher : Rarebooksclub.com
ISBN 13 : 9781230014289
Total Pages : 56 pages
Book Rating : 4.0/5 (142 download)

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Download or read book Money-Lenders, License Laws and the Business of Making Small Loans; on Unsecured Notes, Chattel Mortgages, Salary Assignments; a Handbook written by Clarence Hodson and published by Rarebooksclub.com. This book was released on 2013-09 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ... large, and for these there is no indication of the relative importance of the various causes enumerated.... But when all due weight has been given to the results that come from this line for approach much remains to be adduced. J. H. Rubin of Milwaukee in an address before the National Federation of Remedial Loan Associations, June 1911, states (see bulletin p. 27): Of 1,000 borrowers 28 are drunkards, 15 gamblers, 84 borrowed because of extravagance on the part of the husband, 92 because of extravagance on the part of the wife, 18 because of accidents, 30 because of desertion, 6 because of insanity, 23 because of death in the family, 65 because of sickness, 6 were criminals, 92 were out of employment, 65 for business purposes, 30 to pay insurance, 45 were newly wed and starting housekeeping on the instalment plan, 85 for settlement with loan sharks, 25 on account of vacations, 20 for traveling expenses, 55 for transportation of relatives in Europe, 40 for sending children to college and 176 borrowed for the purpose of paying current expenses, such as the rent, grocer, butcher and doctor. (P. 28) We occasionally have borrowers who need money in a hurry for the purpose of paying fines, legal services or for furnishing bail. However, the percentage is so small that it hardly constitutes a class. Hugh Cavanaugh, Esq., of Cincinnati in an address before the National Federation of Remedial Loan Associations, Tune 12, 1912, said (see bulletin p. 39): A multitude of good reasons that cause a draught on a reasonably good income that the accommodation of a loan may be required to assist. "The American Bulletin," a monthly house organ issued by the American Loan Company, Philadelphia, . July, 1917, states (p. 3): Money is also advanced to...