Tax Debt Drives Need for Bad Credit Home Mortgage Loans

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Some of the unlucky taxpayers who receive a bill instead of a check may find themselves in a bind and unable to pay their tax debt, leading to serious consequences and a bad credit rating., a top mortgage site specializing in mortgage lending information for people with credit problems, can help taxpayers who have gone astray with the IRS.

For taxpayers who receive a hefty tax bill and ignore it this April 17, the resulting federal tax lien could wreck their credit rating and make it impossible to refinance or buy a home., a top mortgage resource for people with a poor credit history or low credit score, can help homeowners get past their tax debt problems and obtain mortgage financing (

Taxpayers who don't face up to their Internal Revenue obligations may face some severe consequences. According to the IRS, taxpayers should file their returns on time even if they can't pay and apply for an extension or an installment payment plan. Those people who don't make arrangements to pay their bills and keep those arrangements face the following consequences:

  •     Notice of Federal Tax Lien is a public record that secures the government's interest against other creditors. It can show up on credit reports and lower credit ratings.
  •     Enforced Collection Actions involve attaching the taxpayer's salary, bank accounts or seizing property, including real estate. These actions may be on public record and affect credit.
  •     Possible Criminal Investigation is a risk if the IRS has reason to suspect fraud or flagrant violations of tax laws. The taxpayer may find him or herself the subject of a criminal investigation and prosecution.

Taxpayers who run afoul of the IRS, even those who have cleared their obligations, may have a very hard time securing a mortgage in the aftermath. ( offers informational articles for those looking to rebuild their credit ratings and helps connect borrowers to lenders who may finance their mortgage despite past tax debt and the resulting credit problems with the IRS. is a primary source of mortgage lending information for people with poor credit history or a low credit score. connects borrowers with bad credit to lenders that are willing to give them credit despite their credit history and also offers articles on improving credit scores, refinancing with bad credit and debt consolidation.


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