Time to really handle this whole tax situation and effed up predicament that I find myself in. Get caught up on with my crazy situation before reading the rest of this post. So, I think that I have a couple of solutions available to me. Check them out below.
- I can probably get a loan from Prosper.com for the entire amount that I supposedly owe, pay the government off and then wait for them to do a review and send me a refund check. At this point I’m considering it because I really want to get THE MAN off my back.
- The other option that I have is to get a personal loan from a bank, if I qualify. I would have said sure, I qualify before, but now that my credit score has tanked like the economy because of this crap, I’m not so sure.
- The last option is to get the money from the HELOC. I think that I’d consider this to be the LAST option even though the interest on my HELOC is a low 3.125% and I’d have a long time to pay it off, the thought of tacking that debt on to the house just doesn’t seem like it’s a smart thing to do. Remember all the trouble that people got into by using their homes as piggy banks and using lines of credit to finance cars and such? Yes, well, I don’t want to be one of those people.
The thing is, I know that the Prosper loan will cost me some serious cash above the loan origination fee since the interest rate will be high. What to do, what to do? Oh, I know. YOU decide. Can you help me choose what I should do? Choose option 1, 2, or 3 and leave it in the comments below. I’ll do what you tell me to do.
And please don’t tell me to deliver pizzas and such as night. I get home after 8 pm and I really don’t have time to do it. I’d consider a weekend gig if I could find one near my home. Come on people, tell me what to do!
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