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If you work with a k that is 401( Loan to pay for Off Your bank cards?

If you work with a k that is 401( Loan to pay for Off Your bank cards?

Numerous 401(k) plans allow users to borrow on their your your retirement cost cost savings. It’s a fairly low-interest loan choice that many people used to combine personal credit card debt — meaning, using an even more favorable loan to settle a few high-interest charge card balances. But NerdWallet cautions against going for a 401(k) loan except as being a final measure.

What exactly is a 401(k) loan?

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