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International service - Assignment Example etation, it is the hope of this particular student that the reader will gain a more informed understanding and appreciation for the way in which credit rating works and whether or not it is a useful and appreciable tool that should be considered as vital for the continued economic development of the world or whether or not it should be dismissed based upon its inherent shortcomings. Firstly, in seeking to analyze the benefits of credit rating system, it should be noted that this particular system provides the individual with an incentive to pay their bills, and conduct their financial matters in a responsible manner; as a means of receiving the reward of gaining a higher credit score and having potential access to more readily available credit in the future. Furthermore, another tacit benefit that credit rating provides has to do with the level of discernment that it to financial institutions with regard to whether or not a particular loan or investment would be risky and should therefore be shunned. However, beyond the strengths and potential benefits that the credit rating system can provide, it is also inherently prone to key weaknesses and shortcomings. For instance, at the point in time in which an individual loses employment or is unable to pay their bills, due to a medical emergency or some other unexpected events, the credit rating of the individual immediately plummets. Naturally, at the point in time in which the individual is most in need of immediate credit, the access to such credit is almost all but nonexistent. Furthermore, if an individual finds themselves with extremely low credit, the interest rates that they must pay will be convinced currently high; denoting the high level of risk that the borrower engenders to the financial institution question (Mattarocci 18). As can relatively be noted, the extraordinarily high interest rates that individuals with low credit scores must pay create something of a reciprocal process through which the ability
CHAPTER 1 There is a beautiful land called Taylem. It has no cities, just little districts spread across the land. The districts are like villages where everything the village needs is grown and made in the district. The country is a beautiful place of rolling hills, dense forests and plenty of natural wildlife. The districts are not joined by nasty concrete roads but instead they have dirt or cobblestone roads made by people in the districts. There are no cars, planes, busses or trains in Taylem. People get around by horse and cart, home-made bikes, and boats. The country that borders Taylem is called Barstland. It is not as nice as Taylem but more people live there. Anyway, Barstland claimed that Taylem used to belong to them. But what they really wanted was the natural resources that Taylem had so much of. There was an abundance of gold, diamonds, timber, coal, and plenty of fresh water. So with that excuse they invaded Taylem. In Taylem there is a certain man named Figmo. He is 25 years old. His district has not yet been affected by the war. His dream and goal has always been to be an adventure hero, but he never had the chance in such a peaceful country. He is a man who has the gifts of an adventure hero. He is very resourceful, skilful, and very, very brave. He is tall, thin, good looking, and very clever. Even though he has all these qualities, he has a bad habit of sometimes being influenced by the pressure of others. Both of Figmo's parents had died when he was 20 years old leaving him a sailing ship called "The Jubilee". Everything on the Jubilee was made up of solid timber with plenty of gold because of the abundance of them in Taylem. Even though Figmo has no brothers or sisters, he has a very close friend named Grest. They are the same age and they have been friends since they were children. Grest is a good companion to have around because he is very encouraging. He is very good at following instructions but not good at giving them. Figmo also has a cousin called Kab. Kab is the kind of guy you just have to love. He is a chubby, funny sort of guy who could make everybody laugh in the midst of the worst situations. His biggest problem is that sometimes he takes his jokes too far. He is 23 years old. Grest has a fiance called Tashi. She is very attractive and she is very athletic.