46,000 in credit card debt - the interest is over 20%
Date: Fri, 09/05/2008 09:19
I have a 401K in excess of 92,000. I understand that I can apply to secure a loan from my 401k. This is a painful process so I am told. I am horrified. But I can't take the debt either. Medical bills, education and the mere to rob Peter to pay Paul. These people are calling my home at all hours. Will a bank give me a loan and use my 401k as collateral? I look for your reply.
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