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July 25, 2014

Homework Help: Will someone be able to help me?

Posted by Anonymous on Wednesday, June 14, 2006 at 6:53am.

Posted by Anonymous on Tuesday, June 13, 2006 at 8:59am.

Please tell me what you think about my assignment. Also, if you would improve my response by including your add-ins, it would be great. But ofcourse, I will have to rewrite it and reference you.

In this assignment we are asked,” If a good friend of yours has had serious financial misfortunes lately and is unable to meet her debt payments, what advice can you give? Be sure to include the topic of bankruptcy because she has heard that it eliminates all your credit problems. In your discussion, distinguish between straight bankruptcy and a wage earner plan. Use the Cybrary and other Internet sources to supplement your information”.

I would start by advising the friend to seek some credit counseling. Our text on page 163 recommends, (“contacting the Better Business Bureau or the chamber of commerce”). There are several warnings issued by the F.T.D. about private agencies promising to help clear up bad credit situations. There are probably agencies that are legitimate, but it seems clear to be careful before giving any money or too much information until you are confident you are not being taken advantage of. There may be a way that debt consolidation will help this situation.“ A debt consolidation loan makes sense if you have high interest rate debts, such as credit cards and finance company loans, and you have the ability to borrow at a lower rate”). If one is considering a debt consolidation loan they must watch for borrowers who have high interest rates, but look good to potential borrowers because of lower monthly payments.



If the above options are not suitable to help the friend in need, they may have to consider bankruptcy or filing chapter 13 also known as a wage earner plan. There are things to consider in deciding which option is best for each situation. A chapter seven bankruptcy or also known as a straight bankruptcy has positives and negatives. The chapter seven will give you a fresh start, meaning your debts will be charged off. The problem is your bankruptcy will be on your credit report for ten years, making it difficult to obtain new credit.



Choosing to file chapter thirteen, a wage earner plan will retain some or all of the debts and property and have a three-five year protection period. A Chapter 13 plan is a negotiated settlement between you and the people you owe money to (your creditors). It's a deal that you make with your creditors as an alternative to bankruptcy. It is also known as a Chapter 13 bankruptcy”). If one chooses to file chapter thirteen as apposed to chapter seven it does show potential creditors the effort made to regain good credit standing. However you only have three-five years of protection from the creditors, and are still strapped with payments.




Comments in bold.

Corrections in underscore.

I would start by advising the friend to seek some credit counseling. On page 163, our text Do you need to give the title of your textbook, too? recommends, (“contacting the Better Business Bureau or the chamber of commerce”). <~~Keep the quotation marks, but get rid of the parentheses. There are several warnings issued by the F.T.D. about private agencies promising to help clear up bad credit situations. There are probably agencies that are legitimate, but be very careful before giving any money or too much information until you are confident you are not being taken advantage of. There may be a way that debt consolidation will help this situation.“<~~Put a space between the period and the quotation mark; no space between the quotation mark and the next word.~~> A debt consolidation loan makes sense if you have high interest rate debts, such as credit cards and finance company loans, and you have the ability to borrow at a lower rate”).<~~Keep the quotation marks, but get rid of the parentheses. If one is considering a debt consolidation loan they<~~Change "they" to "he" or "she" to match "one" earlier in the sentence; this is a major pronoun/antecedent issue. must watch for borrowers<~~lenders? who have high interest rates, but look good to potential borrowers because of lower monthly payments.



If the above options are not suitable to help the friend in need, they<~~same pronoun/antecedent issue may have to consider bankruptcy or filing chapter 13 also known as a wage earner plan. There are things to consider in deciding which option is best for each situation. A chapter seven bankruptcy, also known as a straight bankruptcy, has positives and negatives. The chapter seven will give you a fresh start, meaning your debts will be charged off. The problem is your bankruptcy will be on your credit report for ten years, making it difficult to obtain new credit.



Choosing to file chapter thirteen, a wage earner plan <~~What's the subject here? will retain some or all of the debts and property and have a three-to-five-year protection period. A Chapter 13 plan is a negotiated settlement between you and the people you owe money to (your creditors). It's a deal that you make with your creditors as an alternative to bankruptcy. It is also known as a Chapter 13 bankruptcy”).<~~You need to indicate the beginning of this quotation; you also need to get rid of the parenthesis. If one chooses to file chapter thirteen as apposed to chapter seven<~~add comma here it<~~"it" = ??? does show potential creditors the effort made to regain good credit standing. However you only have three-five<~~??? (see above) years of protection from the creditors, and are still strapped with payments.

I can comment only on the English, and there are still some issues in what you've written, but they are fairly minor.

Here's hoping someone else can comment on the content of your write-up.

=)


I also meant to add that you need to give source references to ALL quotations -- where did you get each quotation? From your text? What page? From an internet site? Which one?

Here is a website that will help you learn to cite quotations correctly:

(Broken Link Removed)

=)


Thank you for the corrections. Could you help me get people to help me on the content?


I'll give it a try.

=)


Another English-related issue I think you need to deal with is the POV issue. That stands for point of view -- and deals with first, second, and third person references.

There are several places in here where you use the term "you" as if you are speaking to your friend with the debt problems. In other places, you use "one," "they," "friend," etc. You really need to settle on one and be consistent.
1. Do you want to make it read as if you are speaking directly to your friend? Then make sure all references are to "you."
2. Do you want to make it more formal than that? Then you'll need to change all the references to third person singular ("friend" and "he" and "one"), including changing all the places where you currently have used "you."

Here are some webpages to help you:

http://grammar.ccc.commnet.edu/grammar/composition/subject_object.htm

http://grammar.ccc.commnet.edu/grammar/pronouns.htm

=)


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