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Sep 28, 2017 - 34 minute read

Quick cash loans austin

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Quick cash loans austin

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Risk of Losing the Policy. The biggest risk is that, if you dont pay back the loan promptly, the interest keeps accumulating. In time, it could eventually add up to more than the value of your policy. If that happens, the policy will lapse completely. Not only will your heirs receive nothing, you could also owe taxes on the unpaid portion of your loan. Withdraw Retirement Funds. If you have a retirement plan, such as an IRA or a 401k, you can draw on those funds for emergency needs.

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