Getting a Payday Loan at a Store Versus Online Services

A payday loan (also called a paycheck advance or payday advance) is exactly as it sounds… a small, short-term loan that is intended to cover a borrower’s expenses until his or her next payday.Payday loans are only set up to cover the borrower until they receive the next paycheck from their job. It is typically only for a short term period of 7 to 14 days before payment in full is due. Legislation & Laws regarding payday loans can vary widely between different states and even different cities within a state.There are some states and jurisdictions impose strict usury limits and limit the amount of interest a payday lender can charge. Some jurisdictions outlaw payday loans all together. Then some have very few restrictions on payday lenders.Due to the extremely short-term nature of payday loans, the interest and APR can seem very extreme when compared to a traditional personal or signature loan that is normally spread out over a year or more.In very simple terms for each $100 borrowed a typical payday loan could cost anywhere between $15, $20, $25 to as much as $35 depending on the company. So if you borrow $100 dollars today you are required to pay $115 dollars or as much as $135 dollars two weeks from today. This is why it is good to shop around and compare companies.Loan Stores: Borrowers visit a payday loan store and secure a small cash loan, with payment due in full at the borrower’s next paycheck (usually a two week term). The borrower writes a postdated check to the lender in the full amount of the loan plus fees. On the maturity date, the borrower is expected to return to the store to repay the loan in person, and the check is handed back. If the borrower doesn’t repay the loan in person, the lender may process the check traditionally or through electronic withdrawal from the borrower’s checking account.If the account is short on funds to cover the check, the borrower may now face a bounced check fee from their bank in addition to the costs of the loan, and the loan may incur additional fees and/or an increased interest rate as a result of the failure to pay. For customers who cannot pay back the loan when due, it is always best to contact the payday loan company as soon as possible to workout an extension to keep from depositing the check.Payday lenders require the borrower to bring one or more recent pay stubs to prove that they have a steady source of income. The borrower is also required to provide recent bank statements. Every company is a different when it comes to approval. But in general if you can prove you earn enough to cover it then the payday loan is approved.Online Payday Services: Most people feel that going to a payday loan store is kind of an act of last resort. Sort of one step above a pawn shop and viewed as a sign of financial issues. For this reason many people seek a more discreet way of using payday loan services. Thus the dramatic increase in online payday loan companies.Online payday loans are marketed through e-mail, online search, paid ads, and referrals. Typically, a consumer fills out an online application form or faxes a completed application that requests personal information, bank account numbers, proof of income, paystubs etc. The borrowers faxes copies of a check, a recent bank statement, and signed paperwork. Then the loan is approved.The money is direct-deposited into the your checking account. If you the ability to fax from home then you never have to leave your home until you’re withdrawing the money from the ATM. Extremely convenient!And recently some online companies have even been advertising themselves as “no faxing is required”.The significant difference with online payday loan companies is that the loan re-payment is almost always done the same way it was given… through a electronic withdraw from your bank account. Therefore it is very important for you to be confident that the money will be in your checking account and the specific payment due date.Obtaining a payday loan can be a welcomed option in many cases of unexpected emergencies like car repairs, heat goes out in the middle of winter, etc. etc. Also an alternative for people with poor credit because there are no credit checks. You only have to prove that you have the ability to pay back the loan.However, it is important that you are fully aware of the total repayment cost… and confident you will be able to pay it… when it is due… BEFORE you accept the loan.

Japanese Gardens At Home – A FLAT Garden Could Be The Simple Answer

Flat gardens or Hira-niwa in Japanese do not have hills and do not have any water in the way that a western garden would. The flat area which is essentially made of either sand or more usually gravel IS the water. All Japanese gardens tend to be a lesson in environment and space.Just like in a Zen garden the gravel is raked into swirls and different shapes to give the impression of the movement in a body of water. The ground is usually covered this way and on occasions I have seen flat gardens that use very small pebbles,once again raked in circles and straight lines to give the impression of water ripples.A flat garden can include many familiar ingredients that you would expect when making a Japanese garden. Stones, Rocks, Trees and Shrubs are very common.The trees although natural will be pruned and the low level shrubs and bushes shaped on the edge of the water space.Flat gardens were first designed to interpret and in miniature mimic Japan’s seaside landscapes or some of its grander lakes, a journey through Japanese garden history points to war and water shortages as to why water was replaced by gravel as a ‘dry’ substitute. This is a trend that has continued for hundreds of years even in peacetime and with abundant supplies of water. The Edo period of Japanese history is when flat gardens became very popular.Interestingly water features apart from a body of water are fairly common in a Japanese ‘Flat’ garden. For example, large upright stones can symbolise a waterfall and this something that you can copy for a garden space that you have in mind however large or small.Use non sharp edged rocks or stones (Granite) to depict islands within your gravel water area. 3 together is a popular representation of ‘The Isles of The Immortals’.The Japanese Circle and Gourd Islands are often copied and represented in the gravel water area to add the spirit of enlightenment. You will be able to get the correct rocks and stones from your local aggregate supplier – take some time to consider the shapes that you want and strictly speaking for authenticity you should not use rounded stones.Other ingredients that you may wish to add to a flat garden are stone lanterns, included for the illumination of parts of the garden at night, basins and if you are very ambitious even a well! Well’s are normally constructed out of wood and have some way of getting the water out of the well – a pulley and bucket or a large wooden spoon are common.Stepping stones can be placed across the gravel water area and look very effective if they lead to the far side of the gravel area where a rustic hut or pagoda is located. After the 16th century this was a popular type of design where the hut would be used for the slow and meaningful Tea ceremony.A completed flat garden will give a real impression of depth of space to the viewer as the eye is drawn into the water area with the clipped shrubs on the faraway edge. The stones or rocks placed carefully within the raked gravel ‘water’ area give a feeling of depth and perspective relative to the scale of the garden.As a Zen garden is designed to be viewed from a single space it is exactly the same with a Japanese flat garden. The view is sometimes ‘framed’ when a veranda door is opened or when looking through a larger window into the garden itself.The viewer’s eyes are drawn across the water to the carefully clipped low level shrubs and plants like Lilies or Azeleas. In Japan plantings are deliberately made in a flat garden to show off the seasons.Maples for the autumn, Cherry blossom looks its best in Spring, the soothing impression of water signifies summer and something like a Black Pine denotes the winter.Flat gardens became an alternative to hill gardens in Japan as were amongst the first residential gardens added to the homes of ordinary Japanese people and they continue to be a wonderful type of garden today for any yard or garden area.I believe a ‘Flat’ or Hira-niwa garden is a cost effective and beautiful option for a domestic Japanese garden as it includes some of the essential ingredients needed for a Japanese garden as well as the classic Japanese garden design method of borrowed scenery. This is where the designer either copies a specific landscape in miniature or use existing scenery such as a hill located outside of the flat garden space to include it in the overall garden view.But, lets face it, not many of us have a natural piece of landscape that we can include in our overall design so just the copying of a real or imaginary landscape will be more than enough. Creating miniature landscapes allows your creative juices to flow and your imagination to run wild! All the more reason to get started on building your dream Japanese garden space. To find out more and get some really inspiring ideas for creating your own Japanese style garden get a free copy of my book today!

Crypto Currency Vs Fiat Currency

Crypto currency vs. Fiat currency

Are you aware of the fiat currencies and the crypto currencies? They both are currencies in one form or the other and are open for public use across the world. But they are both different and distinct in their own ways. There is always one group that favors the use of cryptos, while the other has a soft corner for the fiat currencies.

In cashless society- crypto money play a huge role

If you have a look at the market of the 1970s and 1980s, you will find that the cash played the dominant role. But, with the change in the technology, electronic transactions have become the usual norm. Today, more and more people are influenced in becoming the cashless society. With the progress towards the cashless society, cryptocurrencies have a big role to play.

Crypto currency and fiat currency are always at loggerheads

Cryptocurrency and fiat currency are popular types of digital currency, especially when it is about an online transaction. They both are currencies currently in use in the market but have some differences in them. There is a hell lot of hypes that you will hear on a daily basis comparing the crypto money and the fiat money. This article will highlight the difference between the two in a more comprehensive and clear manner.

Differentiating in what the currencies stand for

Before going for the difference between the two, you must understand what do they stand for and how are they are defined.

The fiat currency is a legal tender that has the support of the central government, and it operates in the physical form. For instance, US dollars, British Pounds, Euro etc. On the other hand, the crypto currency is a non-legal tender, and doesn’t have any backup from the central government or bank.
Hence, the difference between crypto currency and fiat currency is noted as follows:

• Crypto-currencies are decentralized and global in nature. There are no one entity or government that controls the currency with their laws and regulations. The Fiat currency is centralized, under the control of the laws and regulations of the banks and government.

• Crypto-currencies have their existence only in the digital domain. On the other hand, you will find that the fiat currencies have a tangible and physical existence.

• There is a limited supply of crypto-currencies with a maximum set of them getting supplied in the market. Whereas, the fiat money has an unlimited supply as the government and bank are entitled to produce coins and paper money whenever the situation is required.

• The Bitcoin and other crypto type currencies are created by the computers, while the fiat currencies are issued by the local government and the banks.

• Cryptocurrencies are presented as the public and private code pieces. On the other hand, the fiat currencies are presented in the form of coins and paper money.

• The value of the crypto currencies is not recognized by the supply and demand of the market. Whereas, the fiat currency value is determined by the market regulations of supply and demand.

The different types of crypto and fiat currencies

In the last one decade, the popularity of crypto type currencies has emerged as a huge success. It was in 2009, when Bitcoin was first introduced, and years after several other types of crypto currencies have emerged. Starting from Litecoin. Dogecoin, Ripple to the Dcash and Zcash, there is a plethora of them. On the other hand, the fiat currency has a rich and ancient roots, with the Great British Pound, that dates back to 775 AD. It is considered as the oldest currency in the world that is still in use.

The differences in the anonymity between the two currencies

When you are using the fiat currencies, you need to undergo a user identification or verification process. You are asked to upload a recent picture of yourself and some of the required documents to be issued as per the public authorities. You don’t need to undergo any of the required processes with the crypto currencies. Though your personal information and confidential details don’t get public, but all your transactions are recorded and tracked in both the fiat and the crypto currencies.

Fiat currency vs crypto currency: transparency level

• The transparency level with the crypto type currencies are considered to be more. This is because the revenue streams are displayed in a public chain. Everyone can witness their own and others’ transactions.

• The fiat or govt. currencies are not transparent, as there are not public chains to see the revenue streams of the people.

A comparative historical roots

If you compare the crypto money with that of its counterpart, fiat or government currency, you will find that their existence and creation brings the difference. The Fiat or government currency, dates back its existence as early as 775 AD with the introduction of the Great British Pound. This is why fiat type currency is easily accepted by the people all over.

On the other hand, the crypto coin was perhaps first introduced only a decade ago, with the introduction of Bitcoin in 2009. The challenge that the Bitcoin and other crypto currencies face is catching up with the immense popularity and increasing fan base of the fiat currency. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency.

A comparative history of the two currencies:

• It was in the 11th century, when the Chinese Song dynasty was perhaps the first one to issue the paper money. It was not allowed to exchange with valuables like gold and silver or silk.

• There were Tally sticks that were introduced as a fiat or government currency. 1100 Tally sticks were introduced as a combat for the shortages in gold.

• 1971, was the year, when the fiat currency received a worldwide recognition. President Nixon introduced it in order to eliminate the dollar pegging system to gold.

• It was in 1998, when the idea of an anonymous electronic cash system emerged by Wei Dai. Bitgold-the very first crypto currency was created by Nick Szabo, but it didn’t receive as much attention as Bitcoin.

• In 2009, Bitcoin was introduced in the market, that became the first crypto currency that was accepted across the globe. In 2011 and after, a series of several other crypto currencies were introduced. Some of the popular ones include, Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.

The traits of both the currencies

The potential of the crypto type currencies and fiat currencies, accessing their traits is important. You will find that in some of the criteria, Bitcoin and other crypto currency is superior than the fiat or government currency, and in some cases, the latter surpasses. It is absolutely your call to choose the type of currency (crypto type currency or fiat type currency) based on your personal needs and requirements.

Let us compare their traits with respect to certain factors.

• Both the crypto coins and fiat type currencies are interchangeable in nature.

• As per the portability is concerned both the currencies secure more or less the same position.

• With respect to the non consumable criteria, crypto currency and fiat type currency have the equal status.

• Crypto type currencies have high durability as compared to the fiat-currencies that have moderate level of durability.

• Both the crypto or virtual currencies and the fiat or government currencies ensure secure and safeguarded transactions and exchange.

• Crypto or digital currencies are highly divisible in nature. On the other hand, the fiat type currencies are moderately divisible.

• In terms of the transaction process, the crypto currencies are easy and hassle free. Whereas, on the other hand, the traction process associated with the fiat currencies are easy, but not like the cryptos.

• The crypto based currencies are decentralized and global in nature, unlike the fiat currencies that are centralized and functions under the laws and regulations of the government.

• The crypto based currencies have high scarcity, where as, the fiat currencies are unlimited as the government can issue coins and paper money whenever there is a need.

• The crypto based currencies are based on mathematical algorithms, and are programmable. The fiat currencies are not at all programmable.

• The fiat currencies are sovereign in nature, while the crypto currencies are not.

The process of the functioning of the currencies

You can find the significant differences between the crypto or digital currencies and the fiat currencies with the way they both operate and the transaction process that take place. They are contrasting in nature. The transfer of money using the Bitcoin is very quick, and you absolutely don’t need any third party association.

On the other hand, if you are involved with the money exchange using Fiat type currency, a mobile wallet is in use. You can exchange an amount of e-money that gets transferred into the equal e-value amount. Both the fiat and the crypto currencies enable you to purchase everything that you desire. But the processes involved are absolutely distinct from each other.

Depending on the things you purchase, you will find that one currency form is better than the other. This is absolutely your choice.

Is Bitcoin, a crypto currency better than the fiat-currency?

The long term benefits and the capability of the Bitcoins is still not established. But it has been predicted by the crypto currency gurus and experts, that they will go a long way, especially revolutionizing the way the online transactions are done. In the current market, the Bitcoin is mainly included in the online casinos and the gambling, but it is not limited to it.

Furthermore, when you compare the fiat currencies, the Bitcoin allows you to seize the power and authority from the banks and the government since it is not controlled. The cryptography based currency has the capability to create or come up with the free market capitals. Fiat currencies are affected by the inflation and the changes in the market, unlike the crypto based currencies. Such aspects make individuals believe that cryptograph based currencies will soon take over the mainstream currencies and bring a transformation in the way the money is used.

Why is Bitcoins considered to be a better aspect than the fiat type currencies?

• Bitcoin gives you the opportunity to re-create a free market capitalism.

• The power of controlling the money is absolutely with the individuals, and not with the banks like the fiat type currencies.

• When there is an inflation, the Bitcoin is not affected. But the Fiat type currency will be easier to lose and get affected by it.

• The Bitcoin currency is easy easier to exchange and transfer as compared to the fiat or government currencies.

• The transaction fees involved with the Bitcoin are way cheaper and easily affordable.

Crypto currencies seem to be a favorable option among the people

The fiat type currencies are the centralized and legal way of exchanging money. But, the crypto currencies have acquired immense popularity in the past few years. There will never be anyone who would act as a middle man, like the case with the banks. Moreover, the cryptos are way cheaper and less expensive that the conventional fiat currencies.

Send money anywhere directly without waiting for the bank’s approval

You can send money to anyone in the world directly, and it is super fast. The money gets cleared within a few minutes time. You don’t have to wait for the traditional clearing and verification processes of the banking systems, which might take up to several days to get a clearance. Since it is decentralized and doesn’t come under the law and regulations of the government, nobody has any power to do anything with your account.

The blockchain technology has a very big role to play

Thanks to the crypto currencies, that gives us the power and the authority to become our very own bank, and take control over our finances. It is because of the blockchain technology that offers a higher level of sophistication while dealing with the finances. In fact, there are some mainstream financial industries that have started incorporating the idea of the technology.