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.
