I Need To Come Up With Money In 3 Days Or I Will Be Evicted. Is It Possible To Have The Money From My 401k In Such A Short Time?


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Ed Souder answered
Although most 401-K plans allow for personal loans, few if any companies can turn around a loan request in 3 days. Such requests have to go through a 3rd party administrator for approval. Then they have to be sent to the fund manager to make the loan and send you a check. The total time it takes to do this is normally 1-3 weeks. 3 days is probably highly unlikely. Your landlord may be convinced of your sincerity if you show him a copy of your 401K loan request and give you extra time to pay your rent. Good luck!

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