Horrible credit - any suggestions for self pay?

[kcarroll 4]

Thanks to my heart..I have horrible credit. I started dating "him" when I was 28. I'm now 32, single and my credit sucks..big time. I'm not sure what I was thinking..or maybe I do, and I don't want to face it..but regardless....it's bad. So, my choices are saving up, 401k loan, or....

I've been working on getting my credit rating back up, but it's going to take me awhile. I can't wait as long as it'll probably take to get my credit up, to do something about my health. I've researched and decided I'm going with a sleeve. I've decided on Mexico. And there are some great deals out there..I have some savings, but not enough. Is there any company out there that would work with me as far as a payment plan? Any advice..and yes, I realize that I might get a lot of people saying, "you just have to save it up!" If that's the case, okay..but I figured I'd ask just in case anyone happened to know something that I couldn't find on google. Ps- please excuse my run on sentences, bad grammar and misspellings. (:

[BrownEyedTxGirl 139]

If you have the option to borrow from your 401K that would probably be a good option. The interest rates are typically low (around 3%) and you are paying yourself back. If you have bad credit most likely any other creditor will charge you 20% +.

What ever you do don't take a cash withdraw out of your 401k....the taxes and penilities are ridiculous!

Good luck with your journey!

[MrsRoboto 370]

I would also go with the 401k loan. It's really not a bad option at all.

Good luck!

[The Candidate 3,215]

I would tap into the 401K. Good luck!

[OutsideMatchInside 10,166]

401K is a great option, you pay yourself back, so you aren't losing much and the interest rate is better than anything else you are going to get.