Linda, Tennessee

According to Dave Remstad, vice president of life products for Northwestern Mutual Life Insurance Co., loans against the cash value of a life insurance policy are not reported to credit bureaus.

"The generally accepted view is that your cash value is an item on the plus side of your balance sheet," says Remstad. "It's your own money, so we don't — and I'm not aware of any company that does — report loans against the cash value of a life insurance policy to the consumer credit agencies."

For more information, read Cash value in life insurance: What's it worth to you?

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Disclaimer: We are journalists, not financial planners or insurance brokers. Nothing we say should be interpreted as a recommendation to buy or sell any insurance product, or to provide other financial or legal advice.