The bill they didn’t see coming

Case Study: 

Darrell & Bertha Hopson 

Houston, Texas 

Problem: The Hopsons saved enough cash to buy their first home in 2012. But they hadn't accounted for property taxes. When their annual tax bill arrived they were unprepared and unable to pay the bill. 

Solution: Propel Financial Services paid the Harris County tax assessor's bill in full, including penalties on the overdue amount, and provided the Hopsons with a financing agreement at a 13.9 percent interest rate and a monthly payment of about $212. The Hopsons plan to pay off the bill by 2017. Propel also financed the couple's 2014 property taxes but the Hopsons are setting aside funds to cover the 2015 tax bill on their own. 

Result: Darrell and Bertha Hopson say the financing help they received from Propel has helped them better prepare for future property tax bills and has provided them with peace of mind, knowing their property taxes are paid. 

What You Need to Know 

Remember that property ownership comes with costs, including taxes. Make sure you’re setting aside enough money to pay the property taxes directly or through a process called escrow if you have a mortgage on the property. 

About Propel Financial Services 

Propel Financial Services offers property tax payment solutions direct to property owners in Texas and Nevada, creating affordable and flexible payment plans for people with delinquent property taxes. Propel also works closely with municipalities and government officials nationwide to find solutions to unpaid property taxes. Propel Financial Services is a wholly owned subsidiary of Encore Capital Group.