401K to pay off hospital bills

Tips and Deals Forums Consumer Credit Improve credit 401K to pay off hospital bills

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    • #232575
      dealpal
      Keymaster

      Spoke to my HR personal about taking out a loan on my 401k to pay off some old hospital bills that are in collections (PFD). There are stipulations for borrowing from my 401k and one is to pay hospital bills but the HR Lady I spoke to said she would have to see if the IRS would permit this as I have no bills for the old hospital bills, only my credit report that clearly says they are for Medical bills. Does anyone know if this is possible or not,*

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