Down to the Last Couple Bites
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 8% |
| Lender Rate: | 19% | Borrower: | Rammage |
| Finished | State: | ID | |
| Funded: | 100% | Group: | AAAA Fund America |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-04-12 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Apr 12, 2007 | Current |
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Down to the last couple bites of this Elephant. I am trying to pay off the mortgage on the Sweet Home to free up income to payoff IRS debt. Looking to be out of debt in the next 18 months. Debt: Home Loan (Sweet Property): $17500 payment $2000,Payoff Nov, 2007 Home Loan (Emmett Property): $ 40000 payment $500, 30 year F250 Truck: $7000 payment $900, Payoff Oct. 2007 Utilities: $300 Credit Card: $150 Avg. IRS: $1000 Total: $4850 Business Gross: 2006 $216517.65 Payroll expenses: 97000.00 Job Materials : 10600.00 Taxes: 19000.00 Misc: 10000.00 Total net: 79917.00 In 2001 I got a wake up call. On New Years Day my husband of 4 years got up and told me he wanted a divorce. I had no idea what a mess this was going to be. Not a clue that he hadn?t made the mortgage in 3 months. Not a clue that he owed over $160,000 in lines of credit and credit cards alone. It?s wasn?t like I just fell off the turnip wagon and had no clue of finance. I was a Foreclosure Specialist for a large Real Estate Company, so image how upset I was that my own home was about to come to my desk to start pre-foreclosure. Within months of the divorce he filed bankruptcy, including a substantial sum he owed to the IRS. Yes, folks you can file and have dismissed IRS debt. It is a loop hole, that even their own agents know little of. Although, in hind sight I should have also filed bankruptcy, I felt that this was equivalent to being a thief. I began to pay off any debt that I may have received benefit from. Needless to say this has made my credit report look like a Tornado hit it. Things were looking up, when we found out my dad had Colon Cancer. He was a farmer all his life and had little retirement to fall back on. I had to step up and assume his bills. He has been cancer free for a year and half, but will never work again. It?s been a struggle to cover it all but we are making it. Thank you for your help. |
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