On Wed, 21 Jul 2010 20:11:33 -0400, Larry wrote:

bpuharic wrote:
On Tue, 20 Jul 2010 22:27:41 -0400, wrote:



When would any lender accept a 401K account as collateral?

since it's a standard part of a loan applcation. that's when

been renting all your life, i see


I may be wrong but I believe 401Ks are untouchable in bankruptcy
proceedings. You may have to list them on a loan app but they are
untouchable to a loan holder.


unless, of course, you're able to waive that...which many middle class
people did since it was a source of wealth that the rich wanted to get
their greedy hands on.

WTF?

because you can sign an agreeement to give them access to your 401K. i
didnt have to because my credit score is VERY high...but it's an
option

but you're living at motel 6 so you're unaware of this

bpuharic wrote:
On Wed, 21 Jul 2010 20:11:33 -0400, wrote:


bpuharic wrote:

On Tue, 20 Jul 2010 22:27:41 -0400, wrote:




When would any lender accept a 401K account as collateral?


since it's a standard part of a loan applcation. that's when

been renting all your life, i see



I may be wrong but I believe 401Ks are untouchable in bankruptcy
proceedings. You may have to list them on a loan app but they are
untouchable to a loan holder.


unless, of course, you're able to waive that...which many middle class
people did since it was a source of wealth that the rich wanted to get
their greedy hands on.


WTF?

because you can sign an agreeement to give them access to your 401K. i
didnt have to because my credit score is VERY high...but it's an
option

but you're living at motel 6 so you're unaware of this


I've never heard of that. Who are you giving access to your 401K? The
rich? WTF (again)??