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Paying Off Debt Quick In 9 Ways





The Motley Foot gave out 9 tips, although not all of them are sound. For example, it is probably not a good idea to borrow against retirement money in 401(k) accounts if it means a hefty tax penalty.

From Fool.com:

Here are nine ways to get out of debt:

1. Pay more than the minimum
2. Snowball your debt payments
3. Cash out your savings account
4. Borrow against your life insurance
5. Finagle family and friends
6. Get a home equity loan
7. Borrow from your 401(k)
8. Renegotiate terms with your creditors
9. As a last resort, file bankruptcy

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