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Home > Money & Services > Bankruptcy & Debt   »   Secured Loan with 401K as Collateral?

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Old Nov 30, 2006, 04:18 AM
menentj
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Secured Loan with 401K as Collateral?
Would I be able to secure a loan using my 401K account as collateral? advise where I could secure a loan like this?

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Old Nov 30, 2006, 05:02 AM   #2  
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Most 401K plans have a loan provision. Talk to the plan administrator. However, I don't think the law allows using your 401K balance as collateral for a 3rd party loan. You might want to double check that with the IRS.
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