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LOL Using a Payday Loan to pay off a $4k debt when you can hardly make end's meat is suicidal to say the least. Payday loans are ONLY good for, as the name implies, getting a quick bit of cash that you can pay back on your next "Payday!"... NOT for borrowing money that is going to likely take months if not years to pay back.
Dipping into a 401k is generally NOT a good idea. If you can borrow against it and the interest you pay back gets put back into the 401k then it's sometimes acceptable. But I would NEVER cash in part or all of a 401k to pay a debt.
I would clean toilets, deliver pizza, work 7 days per week, do double shifts, or whatever it took to come up with $4K before I would mess with my 401k or take a payday loan.
Dipping into a 401k is generally NOT a good idea. If you can borrow against it and the interest you pay back gets put back into the 401k then it's sometimes acceptable. But I would NEVER cash in part or all of a 401k to pay a debt.
I would clean toilets, deliver pizza, work 7 days per week, do double shifts, or whatever it took to come up with $4K before I would mess with my 401k or take a payday loan.
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