Comments on: Should I tap my 401(k) to repay $47k of credit card debt at 29.99 percent APR?

Comments on: Should I tap my 401(k) to repay $47k of credit card debt at 29.99 percent APR? http://www.moneyunder30.com/ask/66/should-i-tap-my-401k-to-repay-47k-of-credit-card-debt-at-29-99-apr/ Financial Questions and Answers Mon, 07 Dec 2009 00:34:46 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Ferne Ross http://www.moneyunder30.com/ask/66/should-i-tap-my-401k-to-repay-47k-of-credit-card-debt-at-29-99-apr/comment-page-1/#comment-30 Ferne Ross Sun, 01 Nov 2009 17:12:47 +0000 http://www.moneyunder30.com/ask/?p=66#comment-30 I have 17k in credit card debt. I am paying 24% on my credit cards. What is the downside to borrowing against 401K if I can afford the payments I have 17k in credit card debt. I am paying 24% on my credit cards. What is the downside to borrowing against 401K if I can afford the payments

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