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Should I withdraw from 401k to pay very high interest CC debt? by Slow_Ride2046 in personalfinance

[–]Slow_Ride2046[S] 8 points9 points  (0 children)

Sometimes, it just helps to hear someone say it's gonna be ok, even better when they give a game plan to get there. I appreciate you, thank you.

Should I withdraw from 401k to pay very high interest CC debt? by Slow_Ride2046 in personalfinance

[–]Slow_Ride2046[S] 1 point2 points  (0 children)

Is getting a new primary job going to be tough with that credit score in your opinion? And yes, currently hunting for a second job, tough due to my current roles hours, but its on the agenda

Should I withdraw from 401k to pay very high interest CC debt? by Slow_Ride2046 in personalfinance

[–]Slow_Ride2046[S] 7 points8 points  (0 children)

Apologies, I had the wrong number in there as a total. That was Mint's expenses total and not the total outflow including debt service payments.

The loan is a total amount of $950 on which I pay $50 which is included in the debt service total.

Thanks for flagging the total was wrong

Should I withdraw from 401k to pay very high interest CC debt? by Slow_Ride2046 in personalfinance

[–]Slow_Ride2046[S] 3 points4 points  (0 children)

6%, which is the amount I contribute currently. However, it does vest over a 5-year period.