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Old 09-05-2006, 12:38 AM
notluck notluck is offline
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Join Date: Jan 2005
Posts: 71
Default Re: Getting a loan without collateral

You can. All depends on how much interest you want to pay. You can go to several banks apply for about 3k loan or so. Or open up your trading account many banks will lend up to 50% on your stock positions and cash. And since most of them only check collateral ever 3 months you will be safe. Plus credit cards you can get loans with them. Now is it a good idea to pay 18% to trade, well that is up to you. But unsecured loans to unemployed (or recently employed) cost a lot of money. I will be surprised if you can get anything lower than 15%, but good luck. Maybe prosper.com is a good idea for you. Plus keep in mind that if you just have 25k and you have a few bad days you may be under the limit. Just a thought.

-Alex
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