How hard is it to get a loan from your 401k? Does everyone qualify?

Basically I wanted to take out a loan from my 401k. I've never done it before, but I wanted to know if I need to worry about if I qualify because of my credit or does my credit even matter.

Answer:
not the best means to have your money work for you .

reasons why you SHOULDN'T borrow against your 401K --

http://finance.yahoo.com/education/manag.
it is very difficult and expensive tax wise, they follow the guidelines set down by the government and IRS and if u dont meet those criteria they will not give u a loan, is this a loan or emergency withdrawal
no its not hard but you can only take 50% of what you have into it.
It is your money. do not worry about the credit score.
you should be able to get a loan without a problem

The bad thing is if you get laid off after you get the loan. it may have a lot of the problem
no.its not that hard.dnot worry

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