Should you use your 401(k) to pay off credit card debt?

ABC News asks whether using a 401(k) to pay off credit card debt makes sense. It says experts called the option “tempting” but warned of financial downsides. ABC also reports that Americans’ credit card debt is near an all-time high, citing the Federal Reserve Bank of New York, as a rise in the Fed’s benchmark interest rate threatens to drive up borrowing costs.