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Reply to "Make $200k, credit card debt, no savings "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]And by the way if you can take another 401k loan to pay off your cc immediately that would be the smartest move I can think of for you. You would save 4k a year by doing just that, which you can put right back in your 401 k[/quote] Dp here. I have done this! The 401k loan was paid off in less than 5 years and it took care of the CC interest rate and you are essentially paying yourself, which is way better psychologically. I have been debt free since then! It is wa [/quote] Good for you. Finally someone smart posting on DCUM[/quote]
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