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UPS stock....Re-post.
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<blockquote data-quote="surviv&#039;n_it" data-source="post: 294521" data-attributes="member: 5167"><p>Sorry, I do not know what happened with the previous post, it just says errors so I guess I will repost the same one again.</p><p></p><p>I was just curious as far as selling UPS stock goes. I finished a divorce a year and a half ago which left quite a bit of debt that I am trying to eliminate. I have about 80 shares of UPS stock which would be more than enough to cover all the debts and would probably save me a good amount of interest.</p><p></p><p>I am not sure how many of these shares are available to sell as there is the 2 year hold on them and I understand that you must sell in blocks of 100 shares. I tried to call Mellon investor which I was on hold for quite awhile so I thought I would just see if anyone here could tell me what my options are with this stock.</p><p></p><p>I guess my real question is:</p><p></p><p>Is there a way to sell when there are less than 100 available shares?</p><p></p><p>Or is there a way to borrow against this stock through Mellon? I tried my bank to see if I could get a loan with this stock as collateral but they do not do that.</p><p></p><p></p><p>I really do not want to sell but I think it might be my best option without taking out another loan. This would also free up almost $500 a month in bills which would really help. The divorce took my credit down the toilet and my credit score is only around 600-620. I pay quite a bit in child support each week and it will be another year before I hit top pay as a driver through progression.</p><p></p><p>Thanks and I appreciate any advice you could give!</p></blockquote><p></p>
[QUOTE="surviv'n_it, post: 294521, member: 5167"] Sorry, I do not know what happened with the previous post, it just says errors so I guess I will repost the same one again. I was just curious as far as selling UPS stock goes. I finished a divorce a year and a half ago which left quite a bit of debt that I am trying to eliminate. I have about 80 shares of UPS stock which would be more than enough to cover all the debts and would probably save me a good amount of interest. I am not sure how many of these shares are available to sell as there is the 2 year hold on them and I understand that you must sell in blocks of 100 shares. I tried to call Mellon investor which I was on hold for quite awhile so I thought I would just see if anyone here could tell me what my options are with this stock. I guess my real question is: Is there a way to sell when there are less than 100 available shares? Or is there a way to borrow against this stock through Mellon? I tried my bank to see if I could get a loan with this stock as collateral but they do not do that. I really do not want to sell but I think it might be my best option without taking out another loan. This would also free up almost $500 a month in bills which would really help. The divorce took my credit down the toilet and my credit score is only around 600-620. I pay quite a bit in child support each week and it will be another year before I hit top pay as a driver through progression. Thanks and I appreciate any advice you could give! [/QUOTE]
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