In 6/2000 I was turned down for credit because of 3 unpaid SC state tax liens. These were from my business (sole proprietorship) and I didn't know they were there until this happened. I immediately paid all three. I thought (stupidly) that it would make a big difference to creditors if the liens were shown as paid. So I faxed copies of the released liens to each of the 3 CRAs. (Can we say "Validated my own info for them?") And yep, they all updated my info to show the liens as paid. 2 CRAs say 6/2000 as the release date and 1 says 7/2000 as the release date. Obviously. this had little impact on my scores. Needless to say, this was long before I discoverd creditnet and all the great advice and help available here. This is a great example of how folks can mess themselves up by not gathering enough information to make the right moves. We have a 3 year clean record of no lates, a couple of very small paid medical CAs, and a 4 year old paid charge off student loan. I'm working on those now. So, does anyone have any suggestions as to what, if anything, I can do about the liens now? Or have I just royally kicked myself in the rear for the next 5 1/2 years by sending the CRAs the validation info?
All I know is that when tax liens are paid, they show as a new public record, and the clock starts for 7 more years.
I didnt notice any change in my scores when my tax lien was updated as paid. I had to pay it if I want a mortgage in the future, though
Yep, that was my experience, too. I was just hopeful that someone might have had experiences with any options for getting rid of them. (Short of waiting 5.5 years.)
