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I thought that securing personal loans was very easy, but I was to be proved wrong very soon. I do not mind that since my wife always proves me wrong, but that is another story. I do not know how to cook, and therefore she always proves me wrong. But as far as financial matters are concerned, I have never been proved wrong, that is till today. I had visited my bankers for a personal loan and came back disgusted and horrified. There was no way that I would be filling up countless forms just because I need a loan.

What do these guys think of themselves? I have been with them for so many years and have abided by their rules, but the moment the discussion is about loans, they put on a strange mask. It seems as if I am begging them, not even beggars are treated this way. I know that there are certain institutions that will provide personal loans to me in a hassle free manner. The bankers should take a leaf out of their book and learn how to deal with their clients. This non-institutional financial agency knows how to treat their clients.

They have a group of professionals who are well educated and know all the nuances of personal loans. I guess I need to tell my friends about this organization. It is rare that one comes across people who provide you with loans, yet treat you with so much care and affection.

Realogy Corp., owner of Century 21 and Coldwell Banker, is offering to swap securities in return for new loans in a move to reduce debt by around $600 million and fight off potential default risk amid a troubled housing market, a regulatory filing showed.

Realogy is offering bonds at a discounted rate in return for about $500 million in new loans, according to a Securities and Exchange Commission filing Thursday.

Should all eligible noteholders agree to the debt exchange, the deal could lower the company’s debt by about $592 million, the filing showed.

At the end of September, Realogy had total long term debt of $6.49 billion.

The Parsippany, N.J.-based company said falling home prices and sales are challenges moving into next year.

Realogy warned, “…there can be no assurance that we will not violate this or other covenants under our senior secured credit facility or that this will not result in a default under our indentures.”

“In addition, we cannot predict how long the current volatility in the financial marketplace, decline in consumer confidence and current recessionary conditions will continue to affect home sales and prices,” said the company, which is owned by affiliates of Apollo Management, a private equity firm.

The deal was extended to eligible holders of each of its 10.5 percent senior notes due 2014; its 11 percent/11.75 percent senior toggle notes due 2014; and its 12.375 percent senior subordinated notes due 2015.

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