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401k's allow for hardship withdrawals which you don't have to pay back. For example paying a house, dental bills, Dr. bills. The other one is a loan against your 401k this allows you to pay back into your 401k every payday.
I chose the Hardship withdrawal. Talk to your human resources or the person in charge of 401k's. You'll need to fill out papers if you chose a hardship withdrawal. Best of Luck and let us know what you decide.
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You’d need to check with the rules of your particular 401K plan. I think that most plans allow it, but make 100% sure about your own plan before doing anything.
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Board Talk members who registered prior to March 9th, 2016 will need to reset their password.