Thanks for the feedback. Just a few more details on my debt...
The 401K was taken out to pay for funeral expenses. The loan was a total of $8000 for 5 years. I took the loan out in December of 2007. I'm currently 32 years old and the payments are coming directly out of my paycheck. My job is pretty stable but who knows what can happen in the future.
The credit card was closed by the company after one late payment so there is no chance of me running up another balance.
I know that you shouldn't borrow money from your 401K so I guess my knee-jerk response was to pay it back first.
Last edited by lp_fatcat : 04-07-2008 at 02:52 PM.
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