Micro credit seemed to be the new fight against poverty. Everybody was getting involved. From the richest of the rich to the poorest of the poor, people all across the world were taking part, either as debtors, as creditors, or by donating to help a cause. But is it all really as helpful as it seems? Micro credit is still around, although the name has changed a few times. There are still a constant flow of debtors, willing to do whatever it takes to get themselves out of poverty. If you look at what it takes for these people to try to make a profit with the money they are loaned, you see that on a macro scale, micro credit loans alone are not all they are cracked up to be. But what will it take from micro financing organizations to make this a worthwhile system to reduce world poverty?

Aegon is a life insurance, pensions and asset management company based in The Hague, Netherlands and more commonly known as TransAmerica here in the States. They seem to be an innovative company, using different management structures and providing multiple ways for employees to make money. It is an established company that has been around for quite some time, however through the years some of the company’s actions have been put under a lot of scrutiny, and for good reason.  Despite all the media attention and legal actions, higher ups have done nothing to change protocols, and have merely swept these controversies under the rug.

Desperate situations call for desperate actions. This is a saying more and more people base their lives on these days. This saying is also been taking into consideration by online scam artists. They promise the sun and the moon to the financial troubled who can't get bank loans due to bad credit history.

    Online swindlers, as people might call them, take the roll of a bank official in chat rooms or email and promise the best bank deals a man has ever seen.  The problem is people actually believe it. It has come to an extent that the police and the National Credit Bureau (NCB) constantly warn people they are potential victims to online money scams.

New regulations had been announced at Saskatchewan concerning the short-term loans (commonly known as payday loans) which are expected to be enacted within six months.

The new rules indicate that the cost of borrowing cannot exceed 23 per cent of the principal.
The interest rate may however, climb to 30 per cent on a defaulted loan. Someone cannot borrow more than 50 per cent of the net amount of their next pay.