Credit card debt vs 401k money
I have a particular problem and not sure how to handle it. I was let go from my company and am presently waiting for a hearing for unemployment compensation so I have no income coming in. I do not have this months mortgage payment coming due July 1st and I have really good credit and did not want to mess this up. I have two credit cards one is full to the limit $30,000 which has a low 2.99% rate until feb 2008 and one is about $10,000 with a lifetime of 4.99% so both of these payments are $700 each month. My mortgage is approximately $2650 per month and I have a boat loan that I pay approximately $287 per month. I do not have kids , I am married and the money my husband brings in is $510 biweekly and that just covers food, electric, gas and not much else. My question is I have a 401k with my old company that is $37,000 approximately and I was wondering if anyone could think of a way for me to take the money out without losing the 30% off the top or would you suggest I take out more credit on another credit card I have that is offering me 0% until feb 2008 until I get a job and settle with unemployment? I have not worked since beginning of May 2007 and I don't have health insurance either and one of my husbands drugs is $270 per month which will also come due at the beginning of July. Any suggestions? Thanks!