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Money and Finances
Reply to "TSP Loan to Refinance High Interest Credit Card"
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[quote=Anonymous]Mathematically, you definitely should do it. Making the same regular payments on the TSP loan until you pay it off and keeping all your other purchases the same will leave you in a much better financial position. So the question is: Will you make the same payments? Will you pay it off? Will you keep all your other purchases the same? Some people will see that zero balance credit card as an excuse to buy more than they otherwise would. How did you build up the debt? Are you at risk of repeating that? If so, don't. [/quote]
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