Borrowing Sensibly

There are numerous ways that individuals can choose to borrow money. In fact, borrowing can help you meet some of your long-term goals, but like many things in life, it shouldn't be taken lightly. Your ability to borrow is based on many factors including your credit history, your level of income and net worth, how long you wish to borrow and the purpose for which you are borrowing. Of course, interest rates, finance charges and fees, lender reputation and your own comfort level are also factors that impact your decision to borrow.

Your financial advisor can help you identify how borrowing strategies can play a role in achieving your financial goals and provide solutions that make sense based on your personal situation.

The Basics of Borrowing
Borrowing is a powerful tool that can help you and, if you’re not careful, hurt you as well. Learning how to use credit wisely is the first step.

Edward Jones offers various borrowing solutions, including our Personal Line of Credit, which is a margin account. Borrowing against securities has its risks and is not appropriate for everyone. If the value of your collateral declines, you may be required to deposit cash or additional securities or the securities in your account may be sold to meet the margin call. Interest will begin to accrue from the date of the loan and will be charged to the account from that point. Available only on certain types of accounts.