Money Watch: 401(k) a bad option to pay off credit card debt
News from USA TODAY:

Money Watch, a personal finance column that runs every Saturday, features a financial planner from the National Association of Personal Financial Advisorsanswering reader questions about saving, protecting and growing your money. To submit a question, e-mail USA TODAY personal finance reporter Christine Dugas at:

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Q: I am 27, married and about to have my first child. I have $ 10,000 sitting in a 401(k) plan at a previous job. I owe $ 20,000 in credit card debt, with a 9.5% interest rate that is killing me. Should I take out some or all of my 401(k) saving to pay off my debt?

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Man charged with using fraudulent credit card in DeKalb
News from Dekalb Daily Chronicle:

SYCAMORE – Bond was set at $ 50,000 Friday for a man charged with unlawfully using a credit card who has previously been convicted of forgery.

Anton L. Woods, 38, of the 6600 block of South Maryland Avenue in Chicago, was charged with Class 3 felony unlawful use of a credit card, punishable by up to five years in prison, and unlawful use of a credit card and sale of credit or debit card, both Class 4 felonies punishable by up to three years in prison.

Woods appeared in court Friday via closed-circuit TV from the DeKalb County Jail.

DeKalb police received a report early Thursday of a suspicious person at the Road Ranger gas station on North Annie Glidden Road, according to court documents.

The clerk told police Woods commonly comes into the store and attempts to make a purchase using numerous credit cards, presenting cards until one works, according to court documents.

About 2:40 a.m. Thursday, Woods tried paying for soda and cigarettes with two different cards that were declined; after the clerk manually entered the second card’s information it was accepted, according to court documents.

Police stopped Woods as he left the store and he discarded two Visa cards. Though one card had Woods’ name on it, Visa informed police the card was not issued to him, according to court documents.

Woods told police he…………… continues on Dekalb Daily Chronicle

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