During the recent credit crisis and national recession, getting a personal loan in the United States became harder than ever before. Even people that were able to meet the income and credit requirements, getting a loan with an affordable interest rate was practically impossible. This was even the case for high-net worth individuals.
For those that are looking for a personal loan, another option would be to take out a loan from Equities First. Equities First is a specialty finance company that specializes in providing a unique financing option to consumers. The company typically provides consumers with stock-secured loans, which can then be used for any purpose that the borrower wants.
With a stock-secured loan, a borrower will pledge a stock portfolio to Equities First as collateral. If the borrower ends up falling behind on their loan payments, the company will then have the ability to liquidate the stock portfolio to either make a loan payment or pay off the loan entirely. In many cases, the company is able to offer these loans with very low fees and interest.
While it may seem counterintuitive to pay interest on a loan that could be paid off by selling stock, taking out a stock secured loan can come with a number of different benefits. One of the main benefits is that it allows a borrower to liquidate their stock without actually selling it. Over a longer period of time, stocks tends to increase in value at rates higher than the interest rate of loan. Furthermore, many stocks pay out additional dividends, which can act as a good source of income. Because of this, it can make far more sense to wait to sell the stock and take out a loan instead and pay off the balance over time.
More visit: http://www.equityfirstusa.com/