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    You won’t undergo a credit check and won’t work with a lender to obtain the money. Rather, 401(k) loans allow you to borrow from the funds you’ve built up in a 401(k) retirement account.

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    For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.

  7. 8 Myths About Getting Free Money - AOL

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    You cannot use your Citi loan to pay off a Citi credit card, student loan or business expense. Citi loan interest rates range from 11.49% to 20.49%, depending on your creditworthiness.

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