|
|
| *Loan,banking and credit>>>income tax |
Do you think I should allow my boyfriend use my home as collateral for a loan to pay his back income taxes? |
Do you think I should allow my boyfriend use my home as collateral for a loan to pay his back income taxes? No way. Suze Orman, financial guru, has a terrific show on TV and you should watch it. She answers this very question on every show and she always tells the caller "No way." http://www.suzeorman.com/index.cfm... She has a new book, Women & Money, and I would buy it asap. Allowing anyone to borrow against your home is not smart. He has not been smart with his money, nor has he been responsible with the IRS. His track record doesn't sound good to me. Think with your head, not your heart. If the IRS debt belonged to you both, or the house belonged to both of you it would be a different story. I vote no, please don't jeopardize your home!! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOO... I don't even think the IRS would allow him to do that. I'm pretty sure it has to be his own property. NO!,NO!,NO! are you crazy??? never ever let anyone do that!! quickest way to end your relationship and lose your home too no no no no no no no. Absolutely not!!!! This is a very bad idea! If you guys break up, then since the loan is on your house in your name, then YOU have to pay the loan back. Do you really want to do that? Even if you don't break up, what if he refuses to make the payments on the loan?? You would be taking a huge risk. I wouldn't do it. |
| Tags |
| tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |