Help for 401k plan sponsors, retirement professionals, small business, employee and 401(k) rules

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FAQ - ANSWER

Will a 401k loan appear on my credit report?

Answer:

No. Loans from your 401k are not reported to the credit-reporting agencies, but if you are applying for a mortgage, lenders will ask you if you have such loans and they will count the loan as debt.

If you default on a 401k loan, the default will not be reported to the credit-reporting agencies and it will not negatively impact your credit rating.

 


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