I had even gotten my credit score up 70 points since Jan 2007.
Making my payments on time etc.
Then out of the blue the Feds put a tax lien on my property which hit my credit reports under public records. It dropped my Equifax score 70 points. Experian and Transunion said over 600.
--I do owe the money and I am making arrangements to pay.
My question is, if I settle quickly this debt with the Feds, will I have a chance of getting this lien taken off my credit report?
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10 years from date of entry .
I would ask.
Leins are different than bad credit.
Thursday, August 23, 2007
Tax lien on my report. If I pay when will it come off?
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No tax liens DO NOT come off your credit report when paid. I have 4 of them. They show "paid" and will remain on your credit report for 10 years from the date of payment, although even open/unpaid liens do not effect your score much after 2 years. You will not be able to get any kind of loan. Some creditor will still give you credit cards.
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