Recent content by luv2surf

  1. L

    General loan against TSP

    I was the original to post this question about borrowing money from my TSP to pay off debt from my credit cards. Yes, the damage is already done with 10s of thousands to pay off in credit card debt. there is not a sensible way at this time to pay off the huge debt, except to borrow from family...
  2. L

    General loan against TSP

    Thanks to all the replies. I agree about the strict budget. Without the budget, spending will get out of hand and it did for fairly long time. I don't actually know where all that money has gone to. I am a family man and the wife does the shopping so it is my fault for not overseeing and doing a...
  3. L

    General loan against TSP

    Regarding this loan, I could still refinance my house...but not right now since my credit card debit is high. (Banks may not want to mess with a refinance with me since I have quite a bit of debt). If I find that I can eventually do a REFI after paying off some debt, then I can possibly pull...
  4. L

    General loan against TSP

    Well, I recently have been looking at my budget and unfortunately these credit cards are talking quite a bit of disposable income away so would be nice to pay some of them off and maybe even cancel them. The budget program was using is a simple one from Microsoft Works where I put in all my...
  5. L

    General loan against TSP

    I was wondering what you think about doing a general loan against my TSP to payoff some of my high interest credit cards?? These interesting rates are about 12-24 percent and feel it is not too bad a decision to get this loan. I don't want another HELOC against my house given the market. Plus...
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