I’m In Debt up to My eyeballs, can I still do REI? - Posted by Newbie
Posted by Newbie on August 03, 2003 at 09:22:22:
I checked with myfico.com not too long ago and at the time my Fico score was 590. However, I recently received a letter from the IRS claiming I owe $3,000 for not reporting all my wages for 2001.
I have a judgement on my credit file, few collections, and just recently a repossession fell off my credit file after being on their for 7 years?..
Right now, I?m receiving unemployment, and have three more months to go. With this additional debt added, my new debt total will be $6,000. Come to find out the IRS is correct with their findings, and I have to do something now to get this paid because I don?t want this to go on my credit file??
I was getting ready to start assigning deals and doing lease options to raise the money, quickly, to get debt paid off!
Should I put real estate investing on hold, and find a job, or go ahead and find deals to get debt paid off?
Thanks for responding.