How to consolidate credit card debt with 401k work?
I have enough in my 401k and I need to consolidate credit card debt that would require all of it after taxes and penalties, but could pay off all credit cards! What is best route, refinancing 401K loan or debt consolidation?
In general, to consolidate your credit card debt can be borrowed only about half of your 401k created a total of 401k loans. Obviously, if your account balance grows you can make more loans. Some companies require that you have only a or two outstanding loans at a time so you do not have to handle many payments as well. What name do you normally pay a small fee for administration or some agencies are also free advice. After more interest payments come directly from your paycheck and your retirement account including interest payments. I suggest you go for advice and debt consolidation
College Students Sinking In Credit Card Debt
