Hi, my ult is 43% at the moment. I have about $2k in credit card debt. I have about $1300 to pay on my credit cards. My credit score according to DCU is 629. I need a personal loan for about $10k by April to pay on back taxes. Will my credit score be high enough to get a loan? I doubt if could pay the whole 2k by the time they report. I can pull 7k from my car loan according to them when I refinance but I'm not sure what score is needed to do that.
Starting Score: 565
How far back are the taxes due from? 2014 Federal Income Tax / 1040?
What was the cash flow experience that led to this $10k amount?
Presuming it is 1040, do you only owe it for the annual amount? No quarterly deposits that should have been made in 2014 and were missed also?
Property taxes. 2008-2013. $6500 would come from the car. So the personal loan would probably be for 4k or 5k
Do you have to pay all six outstanding years at once, or is there an option to pay the earliest 3 or 4 years to get those caught up, then work on 2012 and 2013 later? Not that that is the best option, paying property taxes up to date is the best course of action, but if you are short cash flow, maybe that gets you enough of the way there with the car loan that the entire property doesn't go right now.
I have until November before they go back into a tax sale. Just got them out of a tax sale with the help of an attorney. Total amount is like $8k. That's why I need the money. So right now im exploring all options. So yall mean to tell me it's going to be hard getting a personal loan for about $5k?
It's possible to get a personal line of credit from a local credit union, are you a member of one in your area?
Longer term, however, what is causing you to fall so far behind on annual property taxes?
What is the importance of the property to you?
Is getting a personal loan to pay the taxes a sustainable method to keep up with the annual tax bill?
What is the status of the 2014 taxes?
DCU is a credit union that im with. I'm buying the house and the back taxes is the only thing I have to pay. I already paid this years. That's why I asked the question about will they let me
Take out a personal loan.
Take out a personal loan.
I make enough to pay out of my paycheck but I don't want to go broke. The loan will only be for a year.
