Ranking Every Way to Pay Off Debt (Worst to Best!)

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Издатель Apr 10, 2026

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Today, I'm ranking 14 Debt Payoff Strategies from the worst to the best/most effective - and the why behind each strategy. Chime in in the comments if you've used any of these and if they worked for you or not so much.

TIME STAMPS
0:00 - So Many Strategies, So Little Time
0:54 - Strategic Default
1:53 - Bankruptcy
3:00 - Borrowing from 401(k)
3:56 - Debt Settlement
5:52 - Cash-Out Refinance
6:26 - Home Equity Loan/HELOC
7:20 - Using Cash Savings
8:34 - Debt Consolidation or Personal Loan
9:29 - Refinancing Individual Loans
10:06 - CC Balance Transfers
11:00 - You're Getting There :)
12:09 - Made it to Top 3!
13:31 - One More!!
14:18 - GOAT Strategy