As of today, no tax liens should be posted on credit reports. This will help boost credit scores for those people who were affected.
However, this does NOT mean that you get to wiggle out of paying your taxes. If you owed money to the IRS or to state taxes, then you still owe that money. The best way to handle it is to contact the tax representative and work out a payment plan. If you can make a lump sum payment, you can expect to pay less than if you need a monthly pay plan.
Be sure to get your agreement in writing.
Also, when you apply for a home loan, even though the tax lien will not show up on your credit report, the lender will still find it. LexisNexis is providing a service to banks and other mortgage lenders that provides information about pubic records such as tax liens.
Enjoy your higher credit score, but take care of the taxes you owe.
Please share this post with others who need this information: Facebook, etc. Thank you for helping get this important news out.
4 thoughts on “No More Tax Liens on Credit Reports as of April 17, 2018”
Hey Carolyn, I got your book on Kindle awhile back and have used it, and I want to thank you for a great read and advice. I was wondering if there is anything outside of hireing an attorney that I can do a bout judgement liens at the courthouse? Thanks and keep up the good work.
You can contact the person who holds the judgment and request a negotiation of payoff. Use the scripts in Chapter 15 for ideas on what to say. The difference with a judgment is that the court has already set the amount owed, so it is sometimes more difficult to get the lien holder to agree to receiving less money. Depending on the amount and whether or not the lien holder has any hope in sight for being paid in the near future, he/she might be willing to work with you on either a payoff or a payment plan. Be sure to get your agreement in writing.
Hi Mrs Carolyn I want u to personally know that you are making a difference in my life and so many others. Your book is something that is really needed to understand how credit really works. And just how much it affects our day-to-day life. I think you for creating such a thing to help so many people like myself. You have a wonderful day, wonderful week and a wonderful year.
Sent from my iPhone
Thank you, Rina, for your kind message. I appreciate it very much.