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Topic	I have $56000 in Credit Card debt and about $69000 in 401K savings
2Pacavelli 05/07/24 12:49:36 PM #15:	littlebro07 posted... I don't think 69k in 401k cashed out would not be enough to cover 56k in debt when you factor in all the taxes and early withdrawal penalties. Maybe get a debt consolidation loan instead? Last month I applied for one with Discover that was supposedly pre approved, but I got denied. <cite>2Pacavelli posted [p:980283073] in I have $56... [t:80764296]...</cite> <quote>littlebro07 posted... </cite><quote>I don't think 69k in 401k cashed out would not be enough to cover 56k in debt when you factor in all the taxes and early withdrawal penalties.Maybe get a debt consolidation loan instead?</quote>Last month I applied for one with Discover that was supposedly pre approved, but I got denied. </quote> ... Copied to Clipboard!
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