Help me consolidate tax debt

Purpose of loan: I have been paying off debts for the past two years and am now left with only one significant debt remaining: some back taxes that I owe from a few years back.I have a payment plan with the IRS and have paid it down to about $10,000, and I'm looking to see if I can consolidate the remainder with another lender to reduce my effective interest rate. It's also much more convenient to deal with something like Prosper where I can check my balance and make payments online. The IRS has no such convenient interface. (Oh, and I'd much rather give you my interest than the IRS.)I am employed as a senior software engineer in Boston and make $100,000 per year plus bonuses, and my wife makes an additional $33,000 per year as an architectural assistant. This gives us a total household income of around $133,000.

Q: Hi, How long have you been in your profession? If there were pay cuts or laidoff, could you still afford lo pay back this loan? Thanks, - p2ploan-sensation211

A: I have been in my current job for almost two years, and have been in my profession for over ten. If I got laid off then we would be able to make the loan's payments on my wife's salary alone (and I could probably qualify for unemployment). The only other loans that we have are student loans, and those are very low payment and hardship deferrable. The main reason I want to move this off the IRS payment plan is convenience. They're very inconvenient to deal with. (Jul-31-2010)

Q: Why don't you sell your boat instead of taking out an expensive loan? - Lender25

A: It's not my boat. :) (Aug-01-2010)

Q: The IRS typically charges a pretty low interest rate because tax debt follows you through bankruptcy- right now, it's about 3-5%. How does a consolidation on Prosper help you? - WallStreetProgrammer

A: I figured 15% with interest, fees, etc. Maybe they give you a deal if you've had a bankruptcy, but I've never had a bankruptcy. It's mostly for convenience really. I've been paying 3 times the minimum payment to the IRS for a while, and intend to keep paying the same amount here. So this loan will probably be paid off by the new year or shortly after. But the IRS gives you no way to check your remaining balance easily and is generally a pain to deal with. (Aug-03-2010)

My personal loan

Purpose of loan: This loan will be used mainly for home improvements, to pay off some bills and have some money left in savings as an emergency fund. My financial situation: I am a good candidate for this loan because ?I have proven that despite my problems showing on my credit history, I have managed to pay off my ( and my ex-husband ) debt without filing a bankruptcy.??My Debt to Income ratio is low.?I just paid off one of the credit cards and about to pay off Home Depot one.??Just last?year I was approved for a mortgage with the 30-year fixed rate with only 5% interest.? As well as for a car loan.? Both have been paid on time and my payments are larger than just a minimum. And last but not least, I ?have a secured job with the local government agency for almost 13 years now which is allow me to make monthly payments on time.? ?? Just to clarify some discrepancies on my credit history. I am working with the credit bureaus? to correct my information.? I am not delinquent on any accounts.? There are no active collections accounts. There are only 3 open credit lines (Orchard Bank, Home Depot and Kohl?s) not 5 as the report is showing.? Revolving credit balance is below $1000 not $1741 as shown on report.????
Monthly net income: $ 5600.00

Monthly expenses: $?2560.00
??Housing: $ 1050??Insurance: $ 100??Car expenses: $ 300??Utilities: $ 250??Phone, cable, internet: $ 60??Food, entertainment: $ 400??Clothing, household expenses $ 200??Credit cards and other loans: $ 100??Other expenses: $100

paying off payday loan build credit

Purpose of loan:
This loan will be used to? two fold to paying off payday loan?and build my credit. I am trying this for the fourth time now so hope this works

My financial situation:
I am a good candidate for this loan because?
I dont want to destroy me credit
Monthly net income: $ 1978

Monthly expenses: $
??Housing: $ 200
??Insurance: $?0
??Car expenses: $ 75
??Utilities: $ 75
??Phone, cable, internet: $ 0
??Food, entertainment: $ 200
??Clothing, household expenses $ 0
??Credit cards and other loans: $?80
??Other expenses: $ 325 interest payday loan

auto repair

Purpose of loan:
This loan will be used to?
auto repairs
My financial situation: stable
I am a good candidate for this loan because?
I own my own home and don't want to do anything to jeopardise that status.
Monthly net income: $ 2185

Monthly expenses: $
??Housing: $874.13
??Insurance: $included with mortgage
??Car expenses: $ 50
??Utilities: $ 150
??Phone, cable, internet: $ 200
??Food, entertainment: $150
??Clothing, household expenses $100
??Credit cards and other loans: $500
??Other expenses: $0

Paying off my Credit cards.

Purpose of loan:
Payoff all my credit cards.?

My financial situation:
I always pay my bills on time.?

Monthly net income: $ 4500

Monthly expenses: $
??Housing: $ 500
??Insurance: $ 80
??Car expenses: $ 0
??Utilities: $ 200
??Phone, cable, internet: $ 200
??Food, entertainment: $ 400
??Clothing, household expenses $ 150
??Credit cards and other loans: $ 600
??Other expenses: $

High Interest CC's Payoff

Net: $2800/mo
Bills: $2300/mo
Food, gas, basic needs: $500/mo
Current Situation:
I have appx 14.8k in credit card debt, several high interest.
Last 5+ years I have worked for the State of Oregon.?
I have very stable employment with a gov't agency.?
Homeowner as of Sept 2009, never late with a mortgage payment.
Our car is paid for, and I was never late on any of those payments.?
I can only make the min. payments on my credit cards.
I make sure I'm never late, as I can't afford the fees.?
Treading water, staying afloat, need to get ahead - this loan will jump-start paying my credit card debt down.
Strict budget in place, debt reduction is my #1 priority.?
I am an honest family man who works hard and pays his bills.?
I provide for my family every month - we don't have disposable income, but I pay all of our bills every month, on time, without fail.?
I will pay this loan back in full, but it may take me all 3 years to do so.?
Thank you for your consideration.

Q: Hi, Are you the only wage earner in your household? How many children do you have? Is your bankcard utilization still 98%? Your monthly income & expenses seem offset each other. How do you pay back this loan? Thanks, - p2ploan-sensation211

A: I am the wage earner in my household - my wife is a stay at home mom for our 2 children. I don't know what it means when it says '98% bank card utilization' but if it implys I don't have extra money sitting in my bank account consistently, that would be correct. I can pay this loan back because I was careful to ensure that the amount of money I will free up in CC minimum payments is equal to the monthly payments to pay back the prosper loan, dollar for dollar. Hope this helps. (Aug-01-2010)

Attacking the next Card

Purpose of loan:
This loan will be used to? Pay off the next card that I want to rid myself of...Capital One

My financial situation:
I am a good candidate for this loan because? I Have NEVER gone late on any bill EVER.

Monthly net income: $ 5000

Monthly expenses: $
??Housing: $ 1900
??Insurance: $
??Car expenses: $ 0
??Utilities: $
??Phone, cable, internet: $
??Food, entertainment: $
??Clothing, household expenses $
??Credit cards and other loans: $
??Other expenses: $

JGuide has bid a total of $103.04 in winning bids.

"Lender ($500+), Group member and fellow Wash State guy, past borrower, no DQ's!"

Q: I think we'd all like to know what the balance, monthly payment, and interest rate on this "next card" are. - panda_panda

A: The next card that I am attacking is my Capital One card. It currently has a balance of $3000 with an interest of 18.99%. I have budgeted to pay this down $250 per month (which is why it is as low as it is), but I am trying to get a "boost". I am willing to take a higher interest rate if it is going to individual investers, primarily because I now HATE what the banking industry is currently doing. I just want capital one off of my credit score by the end of the year. (Jul-30-2010)

Q: Hi, when do you expect to repay the loan? - interest88

A: Well, worst case scenario, its a 3 year loan (or best case for the lenders). However, I assume that, based on my budget, it will be fully paid in a bout 1 year. (Aug-02-2010)

Q: Lastly, could you break down your revolving credit balance of $74,000? Rate, type of loan, balance, etc? Thanks much and best of luck to you ! - BAEVentures

A: In 2005 I did a major remodel on my home, and ended up with about $150,000 in credit card debt. That is where the debt comes from. I am attacking one credit card at a time - and have destroyed 3 so far. (Aug-03-2010)

Q: Could you provide us with a bit more detail about your budget? Are you single? Married? Children? Spouse work? Elective Expenses, Debt Service, Required Expenses? - BAEVentures

A: I am married, with 3 children. My spouse does not work (except full time raising the kids). I do not use a debt service, as I believe in paying off my own loans. The debt stems from two major things - 1. My wife is british, and flying back and forth to the UK, as well as all Government stuff has cost a pretty penny. 2. Major home remodel...need I say more. I have minimual required expenses, since I own my own car, etc. The house mortgage is really what I am most attached to. (Aug-03-2010)

Buying a used car

Purpose of loan:
This loan will be used to buy a used car as the previous car finally died.

My financial situation:
I am a good candidate for this loan because I've always paid ontime.? I do not like to be in debt except for emergencies and to build a credit history as I am new to the US.? My wife's income is not reported per Prosper's rules, but she makes about $1200 a month as a waitress.? A good friend who is a Prosper lender referred me and will be bidding.

Monthly net income: $ 1400

Monthly expenses: $
??Housing: $ 800
??Insurance: $ 20
??Car expenses: $ 60/mo
??Utilities: $ included in rent
??Phone, cable, internet: $ included in rent
??Food, entertainment: $ 250
??Clothing, household expenses $ 25
??Credit cards and other loans: $ 50/mo, I keep a balance to establish credit as I new to the US.
??Other expenses: $ 20
Please remember that the financial information above are my own.? My wife's income is not included.

mtquan has bid a total of $525.00 in winning bids.

Landscaping Property

Purpose of loan:?Landscaping Property
My financial situation
I using this money to improve property on a one-acre site.

I have verified 125K income and consider myself to be an extremely low risk considering I have taken out loans in the past threes and paid them off completely.

My debt/income ratio as you can see i s below most candidates and I have a strong credit history in the last 5 years.

If you have any guestions please ask away!

Thanks!