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Since the funds you borrow won’t earn interest, you’re missing out on an opportunity to grow your retirement income.

Some lenders offer cash-out refinance auto loans that allow you to use the equity in your car to issue you a loan for other expenses, like consolidating credit card debt.

But if you’re unable to make your payments, you risk losing your vehicle.

Balance transfer credit cards often offer an introductory 0% APR on balances you transfer within a certain amount of time.

Pros: If you pay off the balances you transfer before the introductory period expires, you could avoid paying interest charges on the transferred balance altogether. If you don’t pay off the amount you transfer (in full and on time) before the intro period ends, the remaining balance will accrue interest at the card’s regular rate.

Plus, some lenders will send payment directly to your creditors, so you won’t be tempted to use the loan funds for something else.