This 401(k) Loan Mistake Could Make Your Financial Problems Even Worse
You'll thank yourself later for checking the fine print for this.
Overview
A 401(k) loan is a convenient way to borrow money in a pinch: You don't need a credit check, you can get the money pretty quickly, and you pay it back to yourself with interest over time.
But before you agree to one, make sure you understand the fine print. There's one little-known rule in particular that could leave you worse off than you were when you first took out the loan if you don't know it's there.
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Details
Source
Originally published at www.fool.com.
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