It's a bad deal. What is a 401(k) loan? You borrow money from your 401(k). You have to pay the money back in a certain amount of time. It seems like a good idea because you are "borrowing from yourself", the interest rate is usually "low", and it doesn't affect your credit. What's the catch? …
Responsible Use Of Balance Transfers
What is a balance transfer? Credit cards come with a limit often referred to as a revolving limit. You go to the store and swipe your card and as long as your outstanding balance is lower than the limit + new charge it goes through. Some credit cards also have a feature called a balance …
