Quote:
Originally Posted by kane
Just to make sure I am understanding this correctly.
You would deposit this money into the broker account that you would open.The once the account was open and active you could withdraw the money,but the account will stay open. Correct?
If so why not just go to a bank and take out a seven day loan? Put something you own up as collateral. For such a short loan period you could probably get a pretty good rate.
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No if it was that way there'd be risk and the 1000 would be more than justified. He would open an account in his name, deposit 10k, withdrawl the 10k and then give control of the account to me.
I don't have the credit for a 10k loan
