Tag Archives: borrowing from 401k

I Want to Borrow From My 401K to Pay Off My Credit Cards. – Carmen

“Dear Steve, I’ve been a subscriber for a couple of years. I don’t remember how I first found you. I have $26,000 in credit card debt. There are four cards, the lowest interest rate is 9.9%, the highest is 24.24%. I’d like to take a 401k loan to pay them off. I have ~$60k in [...]

Is 401k Borrowing a Smart This to Do to Pay Off My Credit Cards? – Roxanne

“Dear Damon, I am 40 years old and am currently unemployed after leaving a great position to spend time with little ones. I now am regretting decision with the bills that are piling up. My husband and I had banked on him getting a promotion, but now we are forced to live off of his [...]

Boyfriend Cheats Me Out Of Money To Feed His Debt Habit

I’d like to follow up with my previous article, How Do You Value Your Quality of Life? Debt Solutions to Fix The Future In this article I showcased a friend of mine, Michael. I should point out that Michael was much more than a friend to me, we had been in a very serious relationship [...]

Is There Any Way to Settle Our Debts With AMEX and Beneficial? – Jennifer

“Dear Steve, We got ourselves into trouble with credit cards, espeically with our amex and a beneficial loan which are 18000.00 combined. Our other loans/credit cards are one for 2k, one for 1300.00 and one for 2400. the payments on the first two are killing us financially each month. Is there a way to negotiate [...]