I've been associated with an english magazine that had 123 editions by the time i left. I was working as a Sub-Editor out there with my job description as
Editing, Creative-writing, Content-production, Assigning tasks to writers, Interviewing, Reporting, Proof-reading, Transcribing, Correspondence, Overseeing layouts, Co-ordinating among colleagues and Assigning tasks to them.
My work samples are as follow which i recently did for a company:
PAYDAY LOAN
Payday loan, as the name suggests is the facility of borrowing money for a short period of time to dispose off the expenditures incurred till the date of receiving salary or paycheck which normally accounts for a period of 14 days. It has gained quite popularity with the salaried middle-class people who often find themselves short on finances to payoff their expenses in countries like United States, Canada and UK where people are often found indulged in shopping through credit cards and using other lending instruments. The popularity can be gauged by the fact that according to a survey, the number of loans taken increased by a mammoth 130% in UK between 2007 and 2008.
Acquiring a payday loan is a very easy phenomenon nowadays. One can visit the many found payday loan stores to obtain a cash loan. The loan is sanctioned in as low as 24 hours. The amount of loan for the first time varies between 250$-500$ (even 100$) whereas in subsequent cases it can be doubled and can get to as much as 1500$ while with some loan companies even the mark of 2500$ is possible. The interest charge applied by companies range in somewhere between 15$-30$. The loan taker in response presents a post-dated cheque for the amount taken as loan plus the interest payable. He is supposed to pay the amount within 14 days. Upon the failure to payback the loan, the lender can cash the cheque or renew the loan to another period of 14 days.
The requirements to apply for a payday loan are so minimum that one barely observes their existence. Anybody who has a working bank account, is 18 years old, has been working for a month and is a citizen of that said country can apply for a payday loan. Only in rare cases do some companies require some additional requirements as for example having accommodation in the same location for about three months or the salary being a 1000$.
With the revolution in Internet technology the concept of stores has been minimized to a great extent. Now one can apply for payday loans over the web thanks to an array of companies providing the facility at their Internet websites. The same medium is used effectively for marketing for payday loans as in the form of emails, ads etc.
Sounds like a dream thing. Is not it? Wait a second though. Even with all the things going in favour of payday loans it is not an error-free policy. The limit of 14 days is a very tricky element. Companies often entangle the loan-takers in a vicious cycle. The loan is renewed automatically after the limit period and he is made to pay again and again with the principal amount and interest rate multiplying notoriously to make the amount up and above the principal amount without letting the loan-taker realize what mess he has got himself in.
Neverthelsess it is one of the productive instruments found in today's banking industry and if used intelligently with a bit of arithmetics to supplement it, it can be greatly benefited from.