Tag Archives: asset

Quick Unsecured Loans – Benefiting Masses with Easy Transactions

Despite of the upbringing of secured credit, there are several benefits in unsecured loans to bank upon.

At the time when all the bankers in the country are looking for different options to get more profit recorded in their books, the access to unsecured loans looks almost impossible. Hence, many borrowers are becoming bullish over the secured loans.

However, in the past when recession did not appeared in the economy of UK, many benefits were offered inside the business model of unsecured loans. So, what are the reasons that one should bank upon unsecured loans now also?

Well, first of all, the most common reason for relying over the facility of quick unsecured loan is the ignorance of pledging an asset. This is a true fact that there are several benefits like lower interest rates, quick disbursal of loans etc in the secured credit but, pledging of no asset can also be seen as one benefit in unsecured category.

When a person goes for a loan after pledging an asset in favour of lenders, the risk of losing that asset is always there. Hence, if the asset will not be present in the transactions, the risk of losing a precious asset will not be there.

Further, one can also bank upon the time factor in unsecured credit category. As the name suggests quick unsecured loans are fast in the approval and disbursal of funds to the loan seeker’s account.

Here, the lenders first check the financial stability of an individual and after getting satisfied with that, they usually transfer the required amount of loan within the duration of 24 hours which can be seen as very less in the category of unsecured credit.

Not many people know but, the unsecured loans also offer a hefty amount of loan to the needy people. This is a myth that one cannot get a desired higher amount of loan through unsecured loan lender but, if one stands clear for all terms and conditions, he can get a bigger amount of loan here.

Therefore, the quick unsecured loans might be down against the secured ones but, there are numerous benefits still attached with it.

Citi Secured Depository – Issuing Safekeeping Receipts To Vouch For Assets In America

The banking and lending practices of countries can vary considerably from nation to nation. Some countries’ institutions, when considering issuing a loan to a client, will demand a safekeeping receipt. A common practice in Europe, a safekeeping receipt is often demanded to prove ownership of a particular asset. This practice is not as common in the United States and, therefore, few institutions or companies offer this service. Citi Secured Depository fills the gap, providing US consumers with the safekeeping receipts required by their contacts in Europe.

Different than a normal deposit of monetary assets in a bank, an institution or business which agrees to safeguard a monetary asset remains separate from the asset. Such a business only keeps the asset and, as needed, issues safekeeping receipts; the monetary asset is not owned or in any way usable by the business.

Citi Secured Depository starts by conducting an evaluation of the assets for which a client requires safekeeping. They maintain a roster of experts in various fields of study so as to be able to accurately assess the value of a variety of assets, such as historical documents, trusts, stocks, paper money or coins which are no longer in circulation, and precious metals and gems, artwork and heirloom objects. Monetary assets are evaluated by knowledgeable Certified Public Accountants; gemstones are evaluated by appraisers with Gemological Institute of America designations. Should the expert evaluation staff at Citi Secured Depository not have the necessary skills to properly assess an object, the job of evaluation is contracted to experienced and trusted evaluators in the United States. After the evaluation experts have analyzed and assessed an asset, Citi Secured Depository accepts the asset and arranges to safeguard it. Citi Secured Depository has contracts with many local banking institutions from whom they rent vault space. They place any assets in their safekeeping in the appropriate vault space at an institution local to the asset owner. Citi Secured Depository is then in a position to be able to provide, upon written request of the asset owner, a safekeeping receipt. The receipt can be verified by banking institutions or private parties as required. The fees for Citi Secured Depository services vary according to the value of the asset, the physical size of the asset and the terms of service.

Of utmost importance to Citi Secured Depository is the privacy and trust of their clientele. One might say that trust is Citi Secured Depository’s most valuable asset. They take great pride in protecting the privacy of their clients. Any directives regarding the authentication, safekeeping, or verification of assets is performed only with written consent from the assets’ owner.

Experts in asset evaluation, safeguarding and issuing safekeeping receipts in the United States, Citi Secured Depository is proud to assist and stand by their clients. Innovators in the industry in America, they have the skills and the infrastructure to accommodate their client needs.

For more information or to contact Citi Secured Depository, visit CitiSecuredDeposit.