PDA

View Full Version : Does borrowing against your TSP show up on a credit bureau report?



cho
08-27-2004, 06:12 PM
We took out a loan on our TSP just in case we ran a little short on funds while moving and just wondered if the mortgage company ran another credit check after we were approved but before we closed would it spook them.

I haven't spent any of the money yet so I guess I could pay the loan back off and it would show clear again.

Anyone know?

Thanks in advance.

tsptalk
08-27-2004, 07:10 PM
I don't think it shows up on the credit report but if the mortgage company wants updated paycheck statements, it will show you have less net income - that is if you haven't paid it off.

cho
08-28-2004, 10:42 AM
Ok, thanks. That's what I was thinking, but wanted to make sure.