The individuals who preferred to work for an organization and those who prefer to operate their own business concurred that their preferred career will provide greater opportunity for continued development, to earn a higher income and to work with people they admire and respect (Brenner et al., as cited in Kolvereid, 1996, p.25). Kolvereid (1996, p.28-29) has included security, economic opportunity, authority, autonomy, social environment, workload (working hours), challenge, self realization, participate in the whole process, responsibility, career opportunity as classes of reasons for employment status preferences in his study.

His research found that individuals who chose to work for an organisation rated security, social environment, workload, avoidance of responsibility and career opportunity as the reasons. Those who preferred self-employment rated high on factors such as economic opportunity, authority, autonomy, challenge, self-realisation and participate in the whole process.

In the early 1990’s in both the United States and New Zealand, with respect to their first position following college, students placed high priority on long-term career oriented attributes, such as promotion and self-development (Devlin & Peterson, 1994).

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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