Why Is It So Bad To Take A 401k Loan To Help Eliminate Credit Card Debt?

by seiuhealthcare775nw
Question by Cursed: Why Is It So Bad To Take A 401k Loan To Help Eliminate Credit Card Debt?
I took a loan out a few years ago to help my girlfriend get out of some financial trouble and it worked out great. I paid myself back with interest. Now I want to do the same for myself, and I hear people saying NOT to do it? If it helps me out, as I cut up my cards in the process so they can't be used, why is it so bad?


Best answer:
Answer by ReenaIt is perfectly fine....

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