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In response to
"No. If you lose your job (in today's economy, that more of a possibility) you have to pay the loan back in full immediately, or get hit with taxes "
by
ty97
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Although, assuming the CC debt he paid off would leave him with room on the cards...
Posted by
TFox
Jun 15 '09, 07:50
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in the event of that happening, couldn't he just pay back the 401(k) loan with the CC? And in the interim be paying down the balance at a lower rate?
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Responses:
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