Payday Loans FAQs

Just like any financial decision, taking out payday loans should be done only after careful consideration. In order to make the most out of the opportunity as well as ensure that you don’t get yourself into even deeper financial trouble it is important that you are sure you understand the loans and the process.Frequently Asked QuestionsThe likely scenario is that if you have a question regarding taking out a payday advance loan someone has probably already asked it. Here are some of the most common.1. What is a payday advance loan? Is it the same as a cash advance?A payday loan is simply a small sum, short-term loan that is expected to be repaid on the date of the borrower’s next paycheck. Some people also call these “cash advances”, though the two can be very different. Cash advances are generally taken through a credit card or other personal account, or are allowed by an employer. They are similar ideas, though.2. How small is a “small sum”?This depends on the lender, the locality and the amount of income of the borrower. Certain states and areas within states limit how much can be paid out through payday advance loans. The limits also vary from lender to lender, so it is important that you research all of your available options and be sure you can find a lender that will allow you the amount that you need. Mostly, though, the amount you can borrow through a payday loan is dependent on how much you make. The lender expects to be repaid so they will not allow you to borrow more than you make.3. Who can get a payday loan?These types of loans are very accessible. Nearly everyone eighteen and older with a steady, verifiable source of income and a valid checking account can receive a payday loan.4. Why might I get denied a payday loan?Getting turned down for a payday loan is very rare. You will get rejected for another payday loan if you have a track record of taking these loans out and not repaying them, or if you presented false information on your application. The lender will check out everything that you put on your forms, including your pay period and your checking account, and if it shown that you were dishonest it can make you ineligible for the loan. In some very particular situations a not discharged bankruptcy can take away your ability to take out a payday loan, but this is regulated by area.5. What do I need?In order to take out an advance loan you will need a valid form of identification (a physical form of identification is only really needed if you chose to take your payday loan out from a brick-and-mortar lender store as opposed to from a website), proof of you job including your income and pay period, and a valid and active checking account. The lender will use your income and pay period to determine how much you are eligible to borrow and when you are to pay your loan back.6. How fast does the money come?In many situations you can receive the money the same day that you are approved for the loan. Even when this is not an option, you can usually get the loan deposited into your account the next day. This makes a payday loan a great option for time-sensitive emergency situations.7. What if I have less-than-stellar credit?That is not a problem. For the most part, lenders do not even do credit checks. If they do, bad credit does not eliminate you as a candidate for a payday loan. Only in the rare case that a bankruptcy effects your eligibility, which is not the case most of the time, or previous defaulted instant loans will your past financial decisions even come into play.8. How do I get the money?If you choose to go through a physical store you will probably receive a check for the loan amount. Online lenders, however, put the money directly into your bank account. Some companies also automatically debit your account for the loan amount plus applicable fees and interest at the end of the loan period.Understanding payday loans can make it easier to decide if they are the most appropriate solution to your financial issues.

Design Tips For Making a Traditional Japanese Garden

Making a garden in the traditional Japanese style may seem easy until you do a little research and find out there is a lot underneath the surface that complicates the issue.If you are the type of personality who simply cares about what things look like, then you may not appreciate knowing about the historical evolution and development of Japanese gardens.In addition, if you prefer balanced, symmetrical European style gardens, then Japanese may not be for you. They are diametrically opposed in design philosophy.Describing what Japanese gardens are not is perhaps a good way to start out. Here is a bullet list to get the basics:Japanese gardens (traditionally) do NOT have:
o Borders or beds of flowers;
o Symmetry: whether bilateral, radial or axial;
o Ornate designs
o Clutter of accessories;
o Potted plants;
o Gaudy, bold “splashes of color”;
o Pink flamingos or other decorative elements;
o Human centered designs;
o Large expanses of recreational grass.What Japanese gardens do have (traditionally speaking) is a reverence for nature. The use of natural materials dominates the elements of the design.o Stone (in the form of boulders, rocks, gravel or sand);
o Water (actual or symbolic), earth, trees and shrubs;
o Manmade elements such as stone lanterns, bridges, water basins;
o Enclosure usually formed by fencing, hedges or the architectural structures;Using mostly natural materials, the design intent of a Japanese garden is to re-create and capture the essence of the natural landscape, whether creating it on site or using techniques like “barrowed scenery”.There are several styles of Japanese garden derived from the historical progression of their development. They are generally the following:
o Hillside garden;
o Tea garden;
o Karesansui (dry landscape);
o Strolling garden.The Hillside gardens began as gardens designed to be viewed from certain vantage points such as the residences, or rooms within palaces of Emperors and the like. These gardens incorporated waterfalls and ponds. Bridges were included to access islands created in the ponds.At one point in history, islands were symbolic of Paradise (Pureland Sect of Buddhism), or the afterlife, and the bridge was symbolic of the path of life, the journey to Heaven.There is a parallel here between the eastern concept of Paradise and the western concept of the Garden of Eden. Both celebrate the virtues of the raw, pure form of the earth, of nature itself. But in the western (biblical) version, that purity was lost through the committing of sin.Eastern thought at its roots especially Taoism, reveres nature in its pure form. Nature is much larger than mankind and in fact dwarfs man in the context of the Cosmos.That relationship is more understood in the east and is reflected in not only gardens, but other cultural endeavors including landscape painting, Ichibana, pottery, etc.Tea Gardens were a style of gardens that originated from the importation of tea from China. As Chan Buddhism was introduced to China through one known as Daruma, he also introduced tea so that the meditating monks would not fall asleep. The popularity of tea as well as this sect of Buddhism was brought to Japan, where it was known as Zen Buddhism.Thus tea became very popular and developed into a ritualized social event utilizing a special tea house. The invited guests would come through the garden before entering the tea house separated by some form of fencing to divide the outer tea garden from the inner space.They would then go through a ritualized practice of cleansing the mouth via the water basin outside the entry and humbling themselves upon entering by crouching down low to enter through the small doorway. At night, the paths were often strategically illuminated using a stone or iron lantern.Karesansui style gardens or “dry landscape” gardens were of a style that developed generally at the same time as the Tea Garden era but were much more austere then and not as interactive as the Tea Gardens.
Dry landscape gardens consisted of stones and gravel. The use of plant material was very sparse if at all. The types and styles varied depending on what the layout of the stones and gravel was supposed to symbolize. However, the idea was that the stones represented mountains, as islands in the ocean or a lake.Gravel represented water as the ocean or lake. Sand was raked to mimic the ripples on the water’s surface or the ocean’s waves. Course gravel was used to represent fast moving water as in a stream, whereas finer gravel represented a calm pond and more tranquil feeling.The fourth major style of Japanese Garden design is the Strolling Garden. They were interactive, in that the use of stepping stones were incorporated so people could wander and meander throughout the garden. This allowed for a much richer experience as design concepts such as “seen and hidden” or progressive realization was utilized.In other words, the paths were purposely irregular and not so easy to navigate. This allowed the designer to manipulate the gait of the walker so that they had to pause at key vantage points or to be made aware of a subtle message, otherwise passed by if the walker was not in a state of mindfulness.As you contemplate designing a Japanese style garden, consider whether adapting to traditional styles and principles are important to you. Often, authenticity adds to appreciation, value and beauty. An art form that is a “reproduction” must honor the traditional style and feel of the piece; otherwise the piece will lose its value. That elusive essential ingredient in traditional form is worth attempting to reproduce for a richer experience.

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.