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  Topic: Borrowing against 401K to pay off credit cards & loans
dfeteau

Replies: 8
Views: 21713

Post image iconForum: Credit & Loans   Posted: Sat Jun 29, 2013 5:50 pm   Subject: Borrowing against 401K to pay off credit cards & loans
Thanks for the reply oldguy. The 29% is on a credit card and it had a low balance (<$2K). My credit score is actually pretty good. The only reason that rate is so high is because I inadvertently ...
  Topic: Borrowing against 401K to pay off credit cards & loans
dfeteau

Replies: 8
Views: 21713

Post image iconForum: Credit & Loans   Posted: Sat Jun 29, 2013 4:50 pm   Subject: Borrowing against 401K to pay off credit cards & loans
I have 2 credit cards (one at 9.24% and one at 28.99%) and 1 private school loan (11%) that cost me about $400/mo. Total balance on them is about $11K. I was thinking of borrowing against my 401K to ...
 
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