401k loan appear on credit report?

Hi Pryor,

Welcome to Mortgagefit discussion board.

A 401k loan is not reported to the credit bureaus. But if you apply for a mortgage it will be asked if you have taken any such loan. The lenders normally count a 401k loan as part of your debts while considering your loan application.

Do let me know if you have any other questions.

Thanks
Blue

So, if i default on a 401K loan that means it will not reported to credit agencies.

Hi More_info,

The default on a 401K loan will not be reported to any of the credit reporting agencies. It will also not affect your credit rating.

Thanks,
Jerry.

Is there any way to get 401k loans reported to inprove my credit rating,
I have never really ever established any credit so I am always turned down so during last 15y years I have just taken out loans aginst my 401k
Thanks

Hi Whit,

As far as I know 401k loans are not reported to the credit bureaus. So, I don't think you can report it to them in any way.