> rying to get a personal loan on my 401k?

rying to get a personal loan on my 401k?

Posted at: 2015-07-28 
Im trying to get a personal loan frm my 401k but i try thru walmart and they dont do loans it has to be thru merrill lynch does any body know the phone number of merrill lynch how to get a loan pls

You can not pledge your 401K as collateral. It is not legal. The reason is because you can not be forced to give up your 401K if you default on the loan

doesn't your 401k plan have online access? applying for a loan should be there and easy

It will be on your statements or in your plan documentation.

If you don't keep any of that stuff (not a smart move), your HR department will also have that contact information.

Your 401k statements will have that information.