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Borrowing Money

(credit: Elizabeth Hur/CBS3)

The Cost Of A ‘Pay Day’ Loan

A payday loan usually carries a much higher interest rate if not fully repaid than a regular loan or even a credit card finance charge.


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Borrowing Against Your 401K Plan

While the law allows you to borrow up to $50,000 from your 401(k) plan, there are tax law implications.