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Urgent bathroom repair needed with no $ & bad credit

Posted on: 19th Oct, 2008 07:50 am
2 years ago I was in bed with a migraine & heard all this commotion. I went downstairs to find that the toilet in my downstairs bathroom was spewing water all over & my kids (teenagers) did not know what to do. I quickly shut the water off, we cleaned up the mess. The fill valve seemed to be stuck, so I made sure it was working properly & no problems since.

How stupid of me to not call my homeowners insurance. I thought that by cleaning up the mess we would be fine. Now I realize what a mistake that was as our floor is clearly rotted & needs to be replaced. We just started noticing how bad it is when I removed a loose tile to replace it about 4 months ago.

I'm a single mom on a tight budget. I don't have extra money. I have equity in my home, but bad credit will keep me from tapping into that. I have a 401K, but already have a loan out for a porch repair from last year.

I haven't called my homeowner's insurance because I think it will obviously be a denied claim. Should I consider withdrawing from my 401K for a hardship? Any suggestions?
Hi munchkin!

Welcome to forums!

I don't think it will be easier for you to get a 401k loan on hardship grounds. However, you can still talk with the authorities. Generally, hardship loans are given only when you are purchasing a primary residence or your house is going into foreclosure etc. I have never heard of hardship loans for home improvements.

Feel free to ask if you have further queries.

Posted on: 19th Oct, 2008 08:23 pm
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