Have you had a tax lien & then had it released ? What did it do to your credit score ?

Deal Score0

I have a federal tax lien. It will very likely be released soon and possibly it will be removed as if it was never there.

A credit site has estimated the lien will harm my score about 100 points. But it doesn’t mention how much it will go up when its released.

Anyone experience this ?

My CPA is fairly confident he can get it totally removed. I just don’t know if I want to pay an extra few hundred for him to have that done given the fact that I already have a pretty good score and that I never borrow anyway.

(I know, I know, most of you have no sympathy and couldn’t care less. Good for you. Your god must be proud ! )
It happened a few weeks ago. My FAKE credit score has not yet changed but Im guessing there could be a 4-8 week lag.

Its a rather significant amount. Scary large…but I dont owe anywhere near that amount, I just have to show them which I am in the process of doing.

1 Comment
  1. Reply
    November 10, 2011 at 12:37 pm

    If you have a federal tax lien already, then the damage is done. Once the debt is paid off and the lien is released, the healing will begin. But it doesn’t happen overnight. Your credit score will rise each month as long as there are no other adverse actions on the report.

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