<prompt> Human: i have an 11k 401k loan and a credit card with 11k balance. i can pay off one or the other this month. which is best to do first in the long run?  <response>: Whats the interest rate on your credit card?If its high, can you transfer it to a card with a lower rate?How long do you have to pay off the 401k? Whats the least you can pay to avoid being penalized?I would guesstimate that you pay off the 401k loan. Because if you dont pay it off youll be hit with a 10 penalty and have to pay income tax on it.Also borrowing against a 401k complicates your finances more than credit card debt.Then try get the credit card rate as low as you can maybe transfer the balance to a different card and try pay it off as fast as you can. 