IRS tax payoff

| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 13% |
| Lender Rate: | 17% | Borrower: | mayawill |
| Finished | State: | CA | |
| Funded: | 100% | Group: | CLUB BMC |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-14 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Feb 14, 2008 | Current |
|
Purpose of loan: We would like to use this loan to pay off our federal income tax debt. The interest and penalties are too much and are killing us! My financial situation: We own our home and have two rental properties. We have good income (90K gross for me alone and approx $140 with spouse) and pay all bills on time. My husband and I are working on getting out of debt and have a federal tax bill as well. The goal is to work on the easiest and smallest, then work our way up. We need to get fast success to keep morale high. Right now we pay $450 to the IRS and would continue to pay that to Prosper. Also we expect to get at least a 3K refund and will apply all of that to our Prosper loan. We have successfully paid off another Prosper loan that was used to get rid of State tax debt. THANKS! Take Home Pay $10,875 (combined) Net Spendable: $10,875 Other Debt $1,712 Prosper Payment aprox $450 Housing $3,618 Investment Property $2,065 Savings $50 Auto/Transportation $467 Ent/Rec $240 Food $405 Household $1,300 Utilities $391 Wellness/Medical $177 Total $10,875 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 135183 | State income tax | C | $1,650 @ 11% | May 09, 2007 | Withdrawn |
| 135766 | State of CA tax payoff | C | $1,650 @ 13% | May 12, 2007 | Loan created |
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