jolie.fann

I dunno, I'm just a little apprehensive about consolidation that's why cashing out 401k pay off debt is the option I'm going for... With all the scams I hear about, I don't wanna take the risk, I'd just rather do it myself.

Hi to all. I am thinking of cashing out 401k to pay off debt. For starters I have a $20k credit card debt and I have $25k saved up on my 401k. I wonder if this is a good move on my end or I should look for other alternatives elsewhere. Thanks for the answers and hope you have a good one.