How 88 payday loan can Save You Time, Stress, and Money.
It’s normally not a good idea to borrow from a 401(k), since you’ll reduce out on money you may need in retirement. But normally, a 401(k) loan is really a better option than about to a payday lender.But beware: The interest can be incredibly large — fees of almost four hundred% are not uncommon — and when you don’t repay the loan punctua