What is a more efficent way to get 40 k of debt? payments to creditors or loan from 401K?

by admin ~ August 31st, 2009 . Filed under: Personal Finance .
get out of debt
Patricia asked:


I am drowning a small mountain of debt, 40K and the monthly payments are killing my budget. 1500.00 per month. At this rate, i figure it will take me a while to pay it off, so i thought a loan from my 401K with much lower interest would help, but it kills my compounding balance with my 401K….

Margarito Blancarte
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5 Responses to What is a more efficent way to get 40 k of debt? payments to creditors or loan from 401K?

  1. Lauren F

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  3. STEVEN F

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