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Can you repay a 401k loan back in cash deposis

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Can you repay a 401k loan back in cash deposis

Consider selling old MP3 players and tablets, too. Sell unused gift cards: In 2015, an estimated 973 million in gift cards went unused, according to research and advisory firm CEB TowerGroup.

Most online gift card exchanges take a few days because you have to mail the card and then wait for a check or direct deposit, but Cardpool kiosks offer instant cash for cards valued at 20 or more.

Youll get slightly less there; the company pays up to 85 of the cards value at its kiosks, while it pays up to 92 if you sell through its website.

Pawn something: As a way to borrow money, pawnshop loans are not great. But theyre quick, and if you cant repay the loan, the pawnshop simply keeps the item you used as collateral. Thats a lot better than ruined credit and calls from debt collectors. You can often sell outright to a pawnshop, too, instead of borrowing against an item.

Can you repay a 401k loan back in cash deposis