FICO Effect on Tax Lien Released

Discussion in 'Credit Talk' started by Toothman, May 5, 2001.

  1. Toothman

    Toothman Well-Known Member

    Does anyone know if having a tax lien released improves your FICO at all? I am probably not going to have it deleted and was curious if it is scored differently than one that is owing.
  2. roni

    roni Well-Known Member

    I just pulled my TU at My tax lien is listed as released. I got the letter from TU saying that it was deleted. It was not on the updated report either. What is going on? curious.

  3. Toothman

    Toothman Well-Known Member

    That is a very good question. In California, it states that liens stay on 7 years from date filed, whether released or not.

    I'm wondering if "released" liens are even scored. I hope someone knows.

    BTW, Roni...could you read my novel I just posted about "the woman who knew too little"? I would love your input.
  4. Toothman

    Toothman Well-Known Member

    Sorry to bounce this one folks. I just feel someone on hear may know the answer.
  5. nursie

    nursie Well-Known Member

    toothman, I don't have an answer for you, BUT: my balances will soon change to zero, and I am currently disputing the entries. I will let you know how my FICO is affected either way. Hopefully will know something soon.
  6. VJ

    VJ Well-Known Member

    From what I've seen, a released tax lien has as much effect on your fico as a paid judgement or collection.My experience was I took about a 100 point hit for a tax lien.(Over $100k)when I paid it had about a 50 point effect on my fico. Now more than 5 years old, I don't think it hurts me more than
    10-20 points as paid/released.

    Where it does get you is on a few prime lenders requirements that there be nothing negative on your report before granting credit or having to jump through extra hoops and explain it.

  7. Toothman

    Toothman Well-Known Member

    Wow, VJ....I had no idea those things were so deadly. Thank you for the update. A 100 point hit???
  8. G. Fisher

    G. Fisher Banned

Share This Page