* I've applied for, and received, within about 1 week, two (2) loans against my 401k. The interest rates were 8.5% and 9.5%, which is paid back into MY account, so borrowing against myself is a guarantee of a return in very uncertain times where we've see the stock market almost...
I recently took out a loan on my 401k because of hardship. The interest rate as well as the monthly payment they are requesting that to make you pay back your own money is ridiculous. I took the money out to escape hardship and now im fighting to stay out of the bad spot I was ...