401K loan is different from regular loan. Actually I am ok for them to declare the default, for 401K loan, that just means early withdraw, I need pay the tax and 10% penalty and I already did that(I paid $14K to IRS). But they still ask me to pay back the loan, that is not correct.
401K loan is different from regular loan
401K loan is different from regular loan. Actually I am ok for them to declare the default, for 401K loan, that just means early withdraw, I need pay the tax and 10% penalty and I already did that(I paid $14K to IRS). But they still ask me to pay back the loan, that is not correct.
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