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Age limits (typically 18 and older) To avoid late fees, call us for an extension if you can’t make a payment There is no tax consequence for a 401(k) loan that is repaid. A: Lenders who offer loans without a co-signer are much rarer than obtaining loans with a co-signer. This is because lenders do not like to risk their money, and the risk is much greater when there is no co-signer. Also the reputation of such lenders is generally considered, by some, not to be that great.
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