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sb1967

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If I take a loan against my 401k does it get reported to the credit bureau? It is a bank afterall.

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Don't borrow against 401k!!!

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First off, you'll have to pay taxes and early withdrawal fees since you are not yet retired.  Second, you lose the accumulated interest and make that retirement less productive, and Third, the majority of people who do borrow agains their 401k do not repay it.  Think about this and consider getting money from a bank or credit union.

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