Congratulations ! You’ve Got A Loan ! May 31, 2007
Posted by Vedis in : Loans , 1 comment so far
I have to admit that getting a credit card and loan has been very easy. Even if you don’t apply for a loan, you will be called and congratulated that you have been successfully eligible for a credit card or a loan.
Unbelievable, ya ? It did happen to me last month. One of the banks called me and told me that my card was upgraded to Gold Card ! Wow… and hey, I had been longing for a Gold card !
Well, I would jump at the chance if it was before my debt elimination program.
” Ms Teh, would you like to activate your account now ? ” asked the officer politely.
I had the impulse of saying ‘ YES ‘ at that moment. However, I found myself saying ,” Let me consider first. I will get back to you if I want to activate it.”
Can you believe it ? I turned down the offer. I am glad that I have done so. I have already been loaded with $60,000 credit card debts ! But, the story did not end there.
The next day, the officer called again. This time, I was offered a personal loan of $2,000 at an APR of 9.88 % . I know this is also called unsecured loan as I have been reading a lot of information and articles on loans, comparing loans online, mortgages and last but not least, credit cards.
The idea of unsecured loans or personal loans is that you can borrow money without the risk of your personal assets being up for repossession should it all go wrong.
It is an undeniable fact that many people are trapped with credit card debts and loans. It is my belief that a lot of these people have had bad credit history. I have had a few personal loans as they generally offer lower interest rates. It is pleasing to see that unsecured loans are more accessible nowadays.
Look to the right sidebar - $58,961 ! I am cutting down my debts gradually. I am on the right path to debt free life, are you ?
Have you made up your mind to get out of debts ? If so, read more articles provided by websites like Loanwize daily to keep yourself away from being ignorant.
Opt For Unsecured Loans First ! May 3, 2007
Posted by Vedis in : Loans , 2commentsI have to admit that getting a credit card and loan has been very easy. Even if you don’t apply for a loan, you will be called and congratulated that you have been successfully eligible for a credit card or a loan.
Unbelievable, ya ? It did happen to me two weeks ago. One of the banks called me and told me that my card was upgraded to Gold Card ! Wow… and hey, I had been longing for a Gold card ! Well, I would jump on the chance if it was before my debt elimination program.
” Ms Teh, would you like to activate your account now ? ” asked the officer politely.
I had the impulse of saying ‘ YES ‘ at that moment. However, I found myself saying ,” Let me consider first. I will get back to you if I want to activate it.”
Can you believe it ? I turned down the offer. I am glad that I have done so.But, the story did not end there.
The next day, the officer called again. This time, I was offered an unsecured loan of $2,000 at an interest rate of 9.88 % per annum. I know this is unsecured loan as I have been reading a lot of information on unsecured loans (personal loans). The idea of an unsecured loan is that you can borrow money without the risk of your personal assets being up for repossession should it all go wrong.
It is undeniable fact that many people are trapped with credit card debts and it is my belief that a lot of these people have had bad credit history (like me).People like us are only eligible for bad credit loan: Unsecured loan and Secured loan.
I have had a few unsecured loans as they generally offer lower interest rates. It is pleasing to see that unsecured loans are more accessible nowadays.
It’s true that unsecured loans are the safer option on the market if compared to secured loans.I have been asked if I would consider to consolidate loan. Debt consolidation loan enables us to combine other debts into one monthly payment.
Honestly speaking, this will only be my last resort. No doubt, this kind of loan offers extra money and lower interest rates - but they come with the additional burden of having to secure the loan. You have to link it to your assets , and normally your home ! Should anything go wrong, there goes your home ! Think twice.
For the time being, I will only opt for unsecured loans. Besides, I am cutting down my debts gradually. I am on the right path to debt free life, are you ?
Have you made up your mind to get out of debts ? If so, read more money saving advice daily to keep yourself away from being ignorant.
Home Loan Mortgages April 12, 2007
Posted by Vedis in : Loans , add a commentYou have made the best financial step to own a home. Once you find a home that you want, you will most likely need a home loan mortgage.
There are many factors to take into consideration before deciding on a home loan mortgage. Remember, this is a mortgage loan for potentially hundreds of thousands of dollars and a loan that you might be paying on for the next 30 years. You want to make sure that you spend a good deal of time and energy researching the best mortgage loan option available to you.
Shopping for a mortgage loan can be difficult. That’s why an experienced loan officer can help you make a decision that’s best for you. It is thus important for borrowers to enlist the help from mortgage brokers.
Mortgage brokers calculate monthly home loan payments, show mortgage rates and define various lending products and services available for home loan mortgages. It may not sound like much on the surface, but a variation of just a few points in the interest rate can quickly add up to tens of thousands of dollars over the life of a 30-year loan.
Borrowers can receive up to 4 free mortgage quotes from mortgage lenders for bad credit, adjustable rate and interest only home loans.
Once you have decided upon a mortgage lender and the type of interest rate that is best for you and your situation, you need to be sure to review every bit of the paperwork closely. This is done for your protection and will take some time.
