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re: 401k Loans

Posted on 6/5/13 at 6:45 pm to
Posted by notiger1997
Metairie
Member since May 2009
58559 posts
Posted on 6/5/13 at 6:45 pm to
I would still rather see someone take out a 401k loan than be stuck with 18 % interest on credit card or make late payments and fck up credit rating.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69964 posts
Posted on 6/5/13 at 7:50 pm to
quote:

I would still rather see someone take out a 401k loan than be stuck with 18 % interest on credit card or make late payments and fck up credit rating.





If someone has credit card debt that is significant enough to require them to take out a 401K loan to pay it off, they shouldn't be investing until they paid that shite off anyway
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