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  1. J

    TSP to pay debt?

    @blade10327 You’ll get a credit history inquiry if you go the navy federal route (unless possibly you already have an account with them idk).I don’t know the specific details on the navy federal if it will be a credit card limit that is then sitting as a balance on the card when you transfer...
  2. J

    TSP to pay debt?

    @jnel Your first sentence has merit if it was a long term loan of 5-30 years. When we’re talking time frames of barely above 18 months (random timeframe based off OP’s information) it’s a complete coin flip. With their scenario of it being a reasonable but still large-ish interest % to me it’s...
  3. J

    TSP to pay debt?

    @jnel Yes it becomes uninvested when you take a loan against your tsp but when you pay off debt those are guaranteed returns vs the gambl/risk of leaving it in the market. 10% average is the non inflation adjusted number which becomes 7%. We’re both making assumptions that they are currently...
  4. J

    TSP to pay debt?

    @blade10327 I would suggest doing what /@jnel mentioned with navy fed balance transfer as it’s the better option, but just as information to the masses you can take out a TSP loan and pay a better (less interest rate) that would go into your own pocket (returning to your tsp). I checked...
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