 TITLE: How Does a Hardship Loan Affect Your Credit? CONTENT: Alternatives to Hardship Loans\n------------------------------\nIf a hardship loan doesn't sound like the right fit for you but you still need emergency cash, consider these alternatives:\n*   **Personal loans**: Private lenders offer a wide selection of personal installment loans you can use for almost any purpose, including as an emergency loan when you're short on funds. Rates and fees vary by lender and your credit score, and you will need to demonstrate your ability to repay. You can use the Experian CreditMatch™ online tool to compare lenders and loan offers.\n*   **Hardship assistance**: Although it isn't cash in hand, you may be able to defer monthly loan or credit card payments by contacting your lenders directly and asking for hardship assistance.\n*   **Credit card cash advance**: Cash advances often come with fees and high interest rates. In a pinch, though, they can be a source of ready funds that won't put you through a credit application process.\n*   **Hardship distributions from your retirement account**: Some plans offer hardship withdrawals from your 401(k), 403(b) or 457(b) account. Raiding your retirement isn't optimal, and criteria to qualify for hardship distributions vary. Ask your retirement plan administrator for details. If your plan offers 401(k) loans, this might be another option to consider.\n*   **Nonprofit programs**: Organizations in your area may be able to help you cover the cost of food, housing, utilities and more while you regain your financial footing. Or consider a nonprofit lending circle such as Mission Asset Fund for nontraditional, low-interest loan options. END