With the introduction of new technologies and new modes of transportation, the world has changed into a global village. Now, going from one country to another takes just a few hours. Today, the natural and man-made wonders located all across the globe can be explored without giving a second thought. Travelling across countries as well as continents is as easy as booking a flight ticket. Places with unique tourist attractions are getting their due attention, and Honk Kong is one among them. The city is emerging as one of the most popular tourist destinations, attracting a lot of visitors from different countries. Well connected by different modes of transportation and featuring an international airport, the city can be reached from any part of the world. After reaching the destination, searching for proper accommodation can be hectic. So, frequent travellers insist on doing a thorough research for accommodation beforehand.Points to be kept in Mind while Travelling to Hong KongAfter reaching the airport, taxis can be hired to reach the booked hotel. Tourists need not worry about the authenticity of the taxi driver or the fare they are charging as Hong Kong is counted among the safest and most honest cities of the world. Police presence at short distances gives a sense of security to travellers, and the number of English speaking people in the city is quite high. So, travellers can ask for help from locals also if they feel any threat or they feel lost. Carrying identity card or a small slip of self-information is advised by experienced travellers, which can be useful in case of any emergency.Those who have not booked any hotels can ask the taxi drivers to take them to a decent property as per their requirement and budget. However, frequent travellers opine that it is always better to go for the flight and hotel booking option in the first place as it not only saves time and money, but any hassles after reaching the destination.Getting to Know the CityPublic transport of all the Chinese cities is well organised and hence, travellers can opt buses or taxis to wander in the city. Drivers usually charge extra for luggage, which is calculated fairly. Tourists can also travel in some of the fastest moving vehicles of the world, by travelling in the metros. Mass transit railway (MTR), the subway system as called by the Chinese people, is the best mode to go from one place to another. Tourists need to buy an Octopus card and get it refilled in order to avail services provided by MTR. They can go to the outskirts of the city for sightseeing and enjoy the natural beauty that the country is blessed with. Other Asian countries like Cambodia, Thailand and India also boast of stunning natural and man-made attractions, which can be visited by booking any international airline or Thai Airways flight ticket.

Payday loans are an often criticized means of obtaining short-term financing with no credit check. Used by millions each year, payday loans are thought by some to be financial blessings since they are often the only method of financing for those with poor borrowing histories. But despite their demand, consumer advocate groups often vehemently speak out against this type of financing, largely due to a mechanism inherently built into these loans: the rollover.What is a Rollover?Imagine a borrower who approaches a payday lender for a loan and takes out an initial two-week line of credit for $100 with a $15 dollar fee-an annual percentage rate (APR) of roughly 390 percent. As that two-week deadline approaches, the borrower finds he has other debt obligations to fulfill with this upcoming paycheck, so he strolls back into the street-corner lending office and asks to extend his loan term.The lender explains to him that he can extend his term by taking out an additional loan to cover the original loan’s amount. So the borrower finances another payday loan, but this time it’s for $115 with a $17 fee-again an APR of 390 percent, but this time it’s higher due to the new principal covering the cost of the original loan.The borrower just practiced what is called a payday loan rollover. A rollover is the name given to a subsequent loan taken out to pay off an existing loan.If the borrower rolls over that second cash advance again, he would be expected to finance $132 with a fee of $19.75.As the rollover process continues, our borrower would find himself on an ever quickening “debt treadmill.” Like an accelerating treadmill where one is constantly being forced to run quicker and quicker just to stay in place, a debt treadmill forces a borrower to consistently pay increasing sums of money just to make good on an original payday loan.Assuming our fictitious borrower was able to payback his third rollover and escape this debt treadmill, he would ultimately pay the lender $151.75 for his original $100 loan-more than 50 percent in interest.Why do Rollovers Exist?The unfortunate existence of rollovers is actually a side effect from the risk that payday lenders subject themselves to by being a part of the short-term lending industry. Since these lenders grant their financing indiscriminately to borrowers regardless of credit score, they naturally encounter a high rate of default.In fact, the default rate is believed to be around a consistent six percent, as found in the Missouri Division of Finance’s payday lending surveys. While that number may not seem high, a six percent default rate actually reduces lenders’ profitability by drastic numbers.For instance, imagine the lender in our above example who originates payday loans at an APR of 390 percent. If he lends money to ten individuals, each seeking installments of $100, that lender can expect to make a total of $150 (ten loans multiplied by $15 interest).But with a six percent default rate on $1,000 lent, the lender can expect to lose $60 (six percent of the $1,000 lent), bringing his total net profit to $80 (or $60 subtracted from the $150 gross profit). If the lender decreases his APR, he risks falling into insolvency if that default rate rises any higher.Since lenders are forced to keep their interest rates at very high levels in order to remain solvent, borrowers will continue to default at high rates. Thus this vicious cycle feeds off of itself in a never-ending merry-go-round.The important thing for borrowers to remember is that payday loans should always be paid back as soon as possible. If rollovers are avoided, borrowers may find payday loans to be healthy financing options which can be used to deal with unexpected expenses between paychecks.

There is a really good chance that you have heard some sort of information about payday loans at some point in your life. There is also a really good chance that you have completely disregarded that information. You probably ignored that information because of one or more of many reasons.Most people don’t recognize a payday loan as something they need. Payday loans are often looked at as a scam or with some other bad feelings. Payday loans don’t have a good reputation. The biggest reason why people turn away from a payday loan is because they are misinformed and probably don’t completely understand them and what they’re used for.Alright, so if payday loans aren’t actually completely evil, then what exactly are they and why should you care? A payday loan is also known as a cash advance or personal loan. It is a loan that is lent out for a short time, commonly about two weeks, and is used usually to pay for things until your actual paycheck comes on payday.On that day, the loan is paid back, along with a small fee, and all transactions are complete. This makes it possible for you to pay bills before they are overdue, avoid an overdraft fee on a checking account, or even jump on that amazing deal on that vacation you always wanted. A payday loan makes it possible to have money when you need it.Yes, the payday loan doesn’t have the best reputation. The reason why payday loans get a bad name is because there are businesses out there that are charging extremely high rates that you must pay in order to obtain a payday loan from them. Also, there are also some businesses that require credit checks and collateral collecting before a person can use their service.So now that you know what a payday loan is, you now know that there is something that you can do when you need some fast money. The bigger question now though, is where would you go to get a payday loan and how do you know that you’re getting the best deal? Get ready to put some more good and important information into your brain.When a person gets a payday loan, typically they want the best deal that they can get. It’s a great idea to shop around for a good payday loan before you actually need one. That way, you can know exactly where to go right away to get the best deal and not have to settle with using an overpriced lender.What’s a good price for a payday loan? Try to find a company that will lend a payday loan for 400% APR or less. APR stands for Annual Percentage Rate and so don’t be afraid by such a large percentage rate. You can find out how much you will be paying in fees by dividing the APR by 26, then multiplying that by how much money you are taking out. So a payday loan with 390% APR would yield a $15 fee for every $100 that is lent out over two weeks.Find a company or lender that does not require collecting any collateral or getting any credit information. To apply for a payday loan, you should only have to complete a few steps. You will usually have to write a personal check for the amount you need, plus the fee.You need to have a steady source of income, a checking account in your name, and a state or federal ID. The lender should hold the check you filled out until your next payday or some other date you specify.When applying online for a payday loan, make sure you’re using a safe and secure site because you’ll usually need to supply your full name, gross monthly income, email address, state, and checking account.Online payday loans are very convenient and you should have your money directly deposited into your bank account over night. There should be no hassling with paperwork and no faxing documents back and forth to anybody.See? Payday loans aren’t so bad. In fact, they can be a great tool to use to help someone in a tight spot when they need money really fast.