I need to make a decision about my debt payoff and I wanted to get additional perspectives before I do.
Long story short, I've got student loans ($19k @ 6% interest) and a 401k loan ($3200 @ 4.25% interest). I came into some money so I've got $5100 sitting around -- enough to vanquish the 401k loan once and for all. But, I could save on interest (etc etc) by paying my student loan.
My Loan provider is:
https://paydayloanshelp.net/
So far the consensus over there is do the debt snowball thing and pay off the 401k loan. But maybe others have another perspective!
Thanks in advance, all.
Long story short, I've got student loans ($19k @ 6% interest) and a 401k loan ($3200 @ 4.25% interest). I came into some money so I've got $5100 sitting around -- enough to vanquish the 401k loan once and for all. But, I could save on interest (etc etc) by paying my student loan.
My Loan provider is:
https://paydayloanshelp.net/
So far the consensus over there is do the debt snowball thing and pay off the 401k loan. But maybe others have another perspective!
Thanks in advance, all.
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