This is a happy day for me and my family. I was approved for a CitiBank Personal Loan in the amount of $4,500. Seems like a small amount, but from where I started to actually get approved for an unsecured loan means a lot to me. I said in an earlier post that I could not even get approved for an unsecured credit card a few years or even a few months back. To get approved for a Personal Loan with Citibank is huge for us, and our credit report.
The loan is for 2 years but I wont wait that long to pay it off. I'm planning on putting the money in a savings account and making the monthly payments for at least year before closing it out. Another positive tradeline on the credit report, a boost in points and it makes us more appealing to future lenders. All part of the hustle to get this house thing done. And to get it from one of the world's largest retail banks just makes me all warm inside :)
For all those who started with nothing, please take my story as an example. You can get yourself out of debt, you can get your family back in the black and out of the sea of debt. It won't be easy but it can be done. Focus, a lot of work, chowin on Raman noodles for a few months :), and you can make it happen. My wife has really helped me during these last few months.
I know this seems like a small thing, but if you've never been down near the bottom, you just won't understand. it was such a long road, from not being able to even open a checking account, to this. It's not over yet, but its a huge step forward.
Thanks for reading
I love you Baby
Labels: Personal Finance