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View Full Version : How to pay off margin loan?


bls_essex
05-03-2008, 09:42 PM
Hi all,

Just wondering if anybody knows how to go about paying off a margin loan from a TD Ameritrade account. My margin balance is showing about -$2,500. I'd like to be able to pay it back with the cash I have sitting in my account without having to sell the stock I bought on margin. Is there a way to do that through the website or do I have to give them a call?

Thanks

bls_essex
05-06-2008, 08:50 AM
Well, I figured out the answer. Looks like the loan get paid off over the course of a few days automatically when you have the cash in your account.

wallstreetsedge
05-25-2008, 06:01 AM
or you can stop using margin

the only time you should probably worry is if you dont know when you should cut your losses or when you start getting fed calls