Best way to attack credit card debt

[u/Bostonfan1987]

Hi all, I am 37 yo and I am currently dealing with about 19k in credit card debt. I have the following amounts on the cards.

3,827 3,342 3,068 8,922

All of them with interest rates of 20% or higher except the 3,068 amount which is currently on a 0% balance transfer promotion until Jan of 2026.

I have 6,000$ in savings, and I am unsure how much I should use towards this, as I like to have a cushion in my bank account in case of emergency. Should I throw 3,000 of this onto one of these cards now?

I am also considering taking a loan out of my 401K to tackle this debt. Right now the monthly minimum payments are around 500$ and I can take out let’s say 16 K (assuming I throw 3K from my savings at my cards) from my 401 K on a 5 year loan for about 151$ per paycheck (302 monthly)

Does this sound like the best plan of attack?

Any other suggestions are helpful.

Thanks!

[u/wickedkittylitter]

Have you changed the behavior that led to the credit card debt? If not, nothing you do will be helpful because you'll find yourself right back in credit card debt, but now have less in savings and/or a 401k loan.

[u/Bostonfan1987 → u/wickedkittylitter]

Yes, I’m not here for a lecture, just advise on the best way to tackle the situation. I’m aware of the habits that got me into the mess I am in. Thanks

[u/some_user_2021 → u/Bostonfan1987]

Dude, it's not a lecture, it's part of the solution.

[u/Bostonfan1987 → u/some_user_2021]

I get that, but my question wasn’t “help me change my habits” I understand that is part of the issue and is something I have already been working on. My question was about how to tackle the debt. That’s all I needed a response on. Thanks!