The interest rate you pay on a 401(k) loan can change over time. According to Debt.org, the interest rate you would pay on a 401(k) loan is usually a point or two above the lending rate used by banks.

retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Sign up When combined with the loan’s interest rate ...

Despite the Federal Reserve cutting the federal funds rate beginning in September ... might have different guidelines on how ...

Besides lower interest rates here are some potential advantages of 401(k) loans: A 401(K) loan is not reported to credit bureaus such as Equifax, TransUnion and Experian, and therefore not ...

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, ...

which can combine multiple debts with high interest rates into one loan with a lower rate. If possible, try reworking your current budget. Perhaps you can pause contributions to the retirement ...

you don't have to go through a credit check to qualify for a 401(k) loan. If you have poor credit, you might struggle to get approved by a bank, and you might get stuck with a high interest rate ...