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>>There's been much said about debt consolidation, but no real "best"
option.<< Everyone's situation is different so everyones solution may differ.
>>I've got $26,000 in credit card debt...<< OUCH! Your best solution is to do anything but leave this debt on high interest credit cards!

This is my opinion: Due everything you possibly can so you do NOT borrow from your 401k plan. This is for your retirement; it compounds; don't touch.

Are you still using your cards? If so stop, stop, stop. Do everything you can to stop spending. Yes it might hurt in the short term but you'll feel a hell of a lot better in the long run.

Are you still investing in your 401k? If you are, I suggest you stop as soon as possible and put this monney towards your debt.

Contact local banks, credit unions, ect. and tell them you want to consolidate your CC debt into a lower interest loans. Show them you have equity in your home; show them you have money in your 401k; and show them that you've stopped using your credit cards. Beg and plead (just kidding). :) Anyway, Sorry if I was rough but if you don't help yourself, who will?

Best of Luck! AJE
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