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Personal Finances / Credit Cards and Consumer Debt


Subject:  What is the best way? Date:  7/21/2014  4:11 PM
Author:  GX470 Number:  308381 of 312970

I have been gone awhile and have racked up a ton of debt. Hard to sleep. So I am going to go forward with the plan to withdraw from retirement. I am making absolutely no dent in the debt any other way.

Credit Cards:
BOA (business and not on credit report) $21,500
Discover: $13,500
NFMaster: $16,000
NFVisa: $3,700
USMaster: $21,500
USVisa: $11,000
USAMEX: $1,950

Taking out $50K to get things started. I know I should probably pay the highest rate off first but would like some satisfaction of starting a snowball.

So my question is:
Do I pay off cards in their entirety or pay them down to half and start working from there?

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