You pay off or extinguish the lein. The credit report only reports things of record, both current or past. The lien is a matter of public record. If the Credit Report didn't accurately report such things it would be useless to anyone. Liens are always supposed to be easily found by anyone who cares...they are there to give notice that someone has a claim against that asset (or generally all), that would come before any new claim.
Generally, tax liens (both state, county and federal) do appear on your credit report and will impact your credit worthiness.
This can be difficult. There are many considerations. What type of tax lien is it? How old is the lien? How large is the lien amount? If the lien has the potential to jeopardize the security of the loan, then you most likely will need to take care of the lien first.
How can I get a lien removed from my credit report what is the statute of limitation law?
They are probably about the same. A tax lien stays on your credit report for 7 years from the date it was PAID, not from the date it was filed. I'll let someone else chime in on how long a bankruptcy stays on. I think 10 years(?).
The length of time that information remains on a credit report varies as to whether it's a bankruptcy, judgment, tax lien (paid/unpaid), late payment or an inquiry.
The recording of the actual lien document will always remain in the public records. If you paid the tax, you should demand the filing of a release of lien. The negative entry on your credit should drop off 7 years after the release is filed.
try here http://www.credit-repair-specialist.com/remove-tax-lien-from-credit-report.html
An unpaid tax lien will stay indefinitely, paid for seven years.
You can call your local tax office to find out more information about your tax lien.
Generally, tax liens (both state, county and federal) do appear on your credit report and will impact your credit worthiness.
This can be difficult. There are many considerations. What type of tax lien is it? How old is the lien? How large is the lien amount? If the lien has the potential to jeopardize the security of the loan, then you most likely will need to take care of the lien first.
Yes. If unpaid it is still enforceable.
7 years, after they are paid off. I have heard that tax liens stay on your credit report 10 years after they are paid off.
You didn't mention whether or not the lien had been paid and released. There is no statute of limitations on the time period an unpaid tax lien can show on a consumer's credit report. A paid tax lien may show for 7 years from the date the lien is released. A release of lien is the legal disposition of this type of item.
How can I get a lien removed from my credit report what is the statute of limitation law?
The Fair Credit Reporting Act allows unpaid tax liens to remain indefinitely on your credit report. Paid tax liens may remain for 7 years from the date of payment.
If the lien appears on your credit report, you dispute it with the credit bureau. You can do this by ordering your credit report on line and issuing a dispute through their investigation department, of course, you will have to provide evidence for your claim.