Glacier5602
Registered User
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- 57
and I also have €38,000 shares which will be maturing in a few months.
Hi Glacier,
As a quick solution to your problem if you are having difficulty in obtaining credit, you could offer the Tracker Bond as security - if it's a capital guaranteed tracker, bank will know they are covered - I know it it probably worth a multiple of the amount you want to borrow - but it might give you a quick fix to your short term problem. When Tracker matures - you could clear your overdraft and take the balance..... if value is a multiple as I suspect, negotiate on interest rate - bank are in effect cash covered.
Hope that helps - best of luck.
Regards,
BM
Does anyone else think this might work?
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