Frequently Asked Questions & Resources

Sort through our frequently asked questions to learn more about your debt and our debt relief program.
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Borrowing From Your IRA | IRA Debt

Borrowing from your IRA or other retirement investment account to pay off debt is rarely a good idea.

Borrowing from your IRA or other investment vehicle is very risky. First, you are borrowing from your future and may not be able to replenish the account quickly. You will lose the benefit of compound interest and because of that may retire with less than you would have if you had not borrowed from the account. Not to mention, depending on what type of account it is, you may suffer tax penalties if you do not pay back the money in a certain time frame. If you are contemplating borrowing from your IRA to pay down debt, contact us first to see if we have a more workable solution!

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We know there are a million questions to ask, which is why we maintain a strict no-billing policy. As a client, you can ask us about credit cards, debt consolidation, your credit report, anything really, and we won’t send you an unexpected bill. Instead, you make one low monthly payment that fits your budget. By keeping it simple, you can have peace of mind and focus on paying down your debt.

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Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced Debt Attorneys

We have more than 20-years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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