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Rock Crawling Forums
General Discussion
Titling a Rock bouncer for loan purposes?
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<blockquote data-quote="TacomaJD" data-source="post: 659330" data-attributes="member: 1780"><p>I have taken out and paid off a few 401k loans, small ones like under $8k. Not sure how everybody else's works, but the way ours is set up is payments are taken out of your check weekly, there is a one time $50 processing fee, then there is 3.5% loan interest that, as I understand it, is also paid back to your 401k account. </p><p></p><p>This is different than making a hard withdrawal from your 401k.</p></blockquote><p></p>
[QUOTE="TacomaJD, post: 659330, member: 1780"] I have taken out and paid off a few 401k loans, small ones like under $8k. Not sure how everybody else's works, but the way ours is set up is payments are taken out of your check weekly, there is a one time $50 processing fee, then there is 3.5% loan interest that, as I understand it, is also paid back to your 401k account. This is different than making a hard withdrawal from your 401k. [/QUOTE]
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Titling a Rock bouncer for loan purposes?
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