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No credit check, no traditional application on first glance, 401(k) loans sound too good to be true: low interest. That’s because it is sometimes too good to be real. Even though you lose your job if you’re able to pay back a 401(k) loan on schedule, you stand to lose thousands from your retirement savings — and more.
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401(k) loan snapshot
|Exactly What it really is||that loan extracted from your k that is 401 account which you repay with interest over moneykey loan 5 years. Continue reading “Are these simple, low-interest loans well worth the chance?”|