 TITLE: How to Borrow Money From Your 401(k) CONTENT: Will a 401(k) Loan Affect My Credit?\n------------------------------------\nTaking out a 401(k) loan has no direct impact on your credit scores.\n*   You don't need a credit check to qualify for a 401(k) loan, so taking one out doesn't trigger a hard inquiry and result in a temporary dip in credit scores.\n*   Payments on 401(k) loans are not tracked by the national credit bureaus (Experian, Equifax and TransUnion), so they do not appear in your credit reports and cannot factor into credit score calculations. If you miss a payment or even default on the loan, your credit scores will not change.\nNote, however, that the extra tax and penalty expenses that come with a 401(k) loan default can make it difficult to pay your credit bills, which can jeopardize your credit standing indirectly. END