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by CoffeeOnWrite 1440 days ago
Banks still want to see evidence of your ability to pay it back.
1 comments
loeg 1440 days ago
401k “loans” are a misnomer. There’s no underwriting or leverage. It’s an unpenalized withdrawal with payback (as opposed to regular early withdrawals, which are penalized).
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CoffeeOnWrite 1440 days ago
As discussed upthread, 401k loans are not generally accessible to unemployed people.
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