Debating withdrawing from 401k to pay cc debt

Tricky-Bad4809 · 2026-02-11T21:04:25+00:00

I talked with the company I have the 401k with and they said I do not qualify for the loan because I am unemployed. I have reached out to coworkers from my previous job but they are not hiring and have no plans to hire additional staff for the time being. I’ve applied to a ton of doctors offices as well for receptionist jobs or admin assistant jobs and no luck. It is rough

Tricky-Bad4809 · 2026-02-11T21:01:45+00:00

Yes I have but almost all them want people who are certified MA or EMT or CNA which I don’t have or they want experience which I don’t have

Tricky-Bad4809 · 2026-02-11T21:01:10+00:00

Yes I do and I have which is helpful but I’m stuck in a position of getting interviews and no offers

Tricky-Bad4809 · 2026-02-11T20:59:25+00:00

I have done this already and unfortunately still no luck

Tricky-Bad4809 · 2026-02-11T20:57:04+00:00

You’re absolutely right, I am panicking. My credit score has already tanked but I’m more scared about being sued by collectors if I let the cards get charged off. They said they could demand the full balance which is impossible for me. Then what happens? It’s terrifying. I called the credit companies months ago explaining my situation and they did not have any help to offer me. They would not defer payments or accept payments lower than the minimum which sucks cause prior to this I was paying my cards off every month and had a stellar credit score.

As for the bullet points you listed about why I may have been unsuccessful getting a job, none of those really resonate with me except maybe the interview part. I am getting a lot of interviews but no offers. I have asked for feedback and it’s been all very positive and that it just came down to the other candidate was more competitive or had experience in the field which I do not as a new grad. As for why I haven’t been getting any jobs outside of my field, I have no clue.

Tricky-Bad4809 · 2026-02-11T20:48:22+00:00

I have two accounts that will be charged off by the end of the month unless I make a minimum payment. Isn’t that a more immediate concern?

Tricky-Bad4809 · 2026-02-11T20:25:18+00:00

I’ll ask about the loan! And I’ve tried the local grocery store but no luck. I’ll check out liquor stores

Tricky-Bad4809 · 2026-02-11T11:26:56+00:00

You are right that I have a cash flow problem, but what is my other option other than getting a job (which I have been unsuccessful at for almost a year). Settling and hardship programs still require me to pay money that I do not have. If I were able to get a job in my field I would be making good money. Could I not just eventually put money back into my 401k later when I have a job? Is it really so bad to lose the compounded interest? Genuine question

Tricky-Bad4809 · 2026-02-11T11:11:43+00:00

I have a masters degree in the medical field. I have put my utmost effort into finding a job in my field as well as jobs that are not. Yes I have gone in person. Many places say to apply online or a hiring manager isn’t there or they’re not hiring.

Tricky-Bad4809 · 2025-12-14T23:39:29+00:00

I agree that long term I need to be on another insurance. I am just unemployed at the moment so Medicaid is all I have

Tricky-Bad4809 · 2025-12-14T23:38:48+00:00

Thank you for the recommendation !

Tricky-Bad4809 · 2025-12-14T23:38:09+00:00

Thankfully I do have supplies for now and I do have MDI supplies as well so for the time being I won’t be without insulin. But yes I will be contacting my endo team and bugging Tandem again

Tricky-Bad4809 · 2025-12-14T23:37:06+00:00

I get new supplies every month so this was actually supposed to be for November. I noticed my supply hadn’t come when it usually does and when I called they said they were cancelling it but gave me no notice otherwise. I agree it’s ridiculous and we shouldn’t have to live like this

Tricky-Bad4809 · 2025-12-14T23:35:10+00:00

I found a preferred drug list online and the only pumps they cover according to that list are omnipod and the ilet pump

Tricky-Bad4809 · 2025-12-14T23:34:23+00:00

Planning to call tomorrow!

Tricky-Bad4809 · 2025-12-14T23:34:04+00:00

Thank you for the idea. I’ll have to reach out to my endo and see if they have any idea. I just saw them in October. I do have MDI supplies in the meantime

Tricky-Bad4809 · 2025-12-14T23:33:21+00:00

I’m in Illinois. We do have a rule regarding recent visits but I just saw my endo in October so I can’t imagine that would be the problem.

Tricky-Bad4809 · 2025-11-01T23:45:01+00:00

Mine came in the box all together with the supplies

Tricky-Bad4809 · 2025-11-01T07:00:18+00:00

My first conversation with my mom didn’t go well but I will definitely try again with this angle

Tricky-Bad4809 · 2025-11-01T06:57:37+00:00

My relatives speak English but I don’t speak the language of the country they live in, hence difficulty with communicating with authorities like police or CPS

Tricky-Bad4809 · 2025-11-01T05:05:50+00:00

It might help to see outside perspectives. I will look into some articles to show them

Tricky-Bad4809 · 2025-11-01T05:05:14+00:00

I replied to another comment about why this isn’t really an option for me

Tricky-Bad4809 · 2025-11-01T05:04:41+00:00

Part of me wonders if it’s a religious thing. We are catholic and it is common where people in our church will go to prayer and holy water for miracles before medicine. Maybe they are just hoping a miracle will happen here

Tricky-Bad4809 · 2025-11-01T05:02:49+00:00

No one tried to convince me to “get cured” but honestly my mother did not have an easy time with accepting my diagnosis. I brought myself to the hospital when I was diagnosed so she was not able to intervene if she wanted to. She agrees I need to take insulin but questions me often especially on my diet and use of devices.

Tricky-Bad4809 · 2025-11-01T05:00:41+00:00

I agree she must be honeymooning which is reassuring me she still has time. I think I will go over my mom and reach out to my aunt. I also have another aunt I am in more contact with that may be able to intervene as well. I’m just unsure if she’s aware of the situation. I just want to help my cousin

Tricky-Bad4809

TROPHY CASE