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Member
Posts: 12
Registered: ‎06-07-2017
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Re: Public Record Changes in Credit Reports

I trust we will collectively notify others when the deletions begin to occur. It will be a interesting day imdeed.

Established Contributor
Posts: 862
Registered: ‎01-15-2017
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Re: Public Record Changes in Credit Reports

I think they may have started. Due to id fraud dw and I early this year ended up with tax lien. IRS quickly gave us a withdrawal. TU and Exp were good to pick up the withdrawal asap but on DW Equifax  fought DW for months and would not even withdraw it with a CFPB complaint. They claimed LN supplied the info but her LN report was clean.  I even had a letter from LN to that.   Finally even with Equifax saying they needed more time it just went away about 3 weeks ago. No notice from CFPB. It raised dw from I think  740 to 760 real Fico

Valued Member
Posts: 43
Registered: ‎07-09-2016
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Re: Public Record Changes in Credit Reports

Hi All,

 I think Backwoods is right...I have been watching my scores closely but not my reports. It looks like in April EX had removed 3 discharged federal tax liens that were still on there in the Jan. 3b reports. No huge jump in my score I guess because the BK is still listed. EQ has not removed the liens yet, we will see what happens next week. Ironically, they were never listed on TU, my lowest score....good luck!




Senior Contributor
Posts: 3,992
Registered: ‎09-26-2011
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Re: Public Record Changes Will be Effective the Week of July 10th (Tax Lien Removal)


koolerthanmost wrote:

Many of you are aware of the upcoming public record changes that will affect tax liens and civil judgements, but no one has been able to pinpoint the timeframe of the exact change. On July 1st the CRAs must start to follow the guildlines agreed upon in 2015, however the timetable public record data belonging to those affected has mostly been assumptions. According to the article below: "During the week of July 10, 2017, the CRAs will remove from their databases previously collected public record data that does not meet the enhanced PII standards." PII refers to: "Minimum consumer identifying information (name, address, social security number and/or date of birth)." Personally, I have one lien that I'm still paying through a payment plan with the DOR and two that are paid and released. Given this, I am eager to have this data which does not meet the minimum standards permanately removed from my credit file. 

 

https://www.birchwoodcreditservices.com/about/news/public-record-reporting-changes-coming-july-1st


Thank you for your post and the link...

 

... I guess theres always NEXT week....




Last App: 09/26/16.

Zero percent financing is where the devil lives...
Established Contributor
Posts: 1,141
Registered: ‎02-07-2017
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Re: Public Record Changes Will be Effective the Week of July 10th (Tax Lien Removal)

I'm interested to see what happens with my Transunion report. That's the only one of the big three that's reported my 2011 civil judgment from when I was living in a condo at the time and owed several thousand dollars in back homeowners' association dues. I don't know why Experian and Equifax have never reported it, but that's how it is, and it's probably a significant factor, now that I think on it, as to why my TU FICO scores are significantly lower than EQ and EX. If there's anything incorrect as specified under the new guidelines about the way that judgment was reported on TU, it should be removed this month and hopefully my TU scores will see a bounce. If not, it only has about one year left to go before it drops off the report on its own anyway!

Rebuilding credit since 12/14 Ch7 BK discharge. FICO 9/13/17:TU 658/EX 694/EQ 688 FICO 8 or 667 FICO 9 (Penfed), VS 3.0 9/13/17: TU 704/EX 684/EQ 697. $800 Amazon Prime Store Card, $951 Cap One secured Platinum MC, $1200 Walmart Store Card, $2000 Apple FCU Platinum Visa, $3000 Penfed Power Cash Rewards Visa, $3500 Cap One Quicksilver MC, $3600 Discover It, $4300 Overstock Store Card, $10k PenFed used car loan, $5k Navient student loan. In the garden as of 7/2/17 AND THIS TIME I REALLY MEAN IT!!! (unless I get a preapproval I can't refuse...)
Valued Contributor
Posts: 2,083
Registered: ‎07-17-2012
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Re: Public Record Changes Will be Effective the Week of July 10th (Tax Lien Removal)

I'm going to use tax liens as an example.  They will no longer count against a lot of people's credit scores so those will improve but I believe a person could still be denied for a credit card or loan because the liens still exist.  Is this correct? 

Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Established Contributor
Posts: 886
Registered: ‎03-15-2014
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Re: Public Record Changes in Credit Reports

Unless they can still see them somehow or they ask or something how would the creditors know about them to deny you.?
Current FICO 8's: EX 715, TU 707, EQ 699
Gardening for 15/24 months
Oldest TL: 5yr 7mo - AAoA: 2yr 11mo - INQ: EX(7) - EQ(5) - TU(7)
Plans: Get 700's; Pay off medical debt
Valued Contributor
Posts: 2,083
Registered: ‎07-17-2012
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Re: Public Record Changes in Credit Reports

So they will totally be removed from our reports? I was thinking they'd still be there but no longer count against our scores.
Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Senior Contributor
Posts: 3,992
Registered: ‎09-26-2011
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Re: Public Record Changes in Credit Reports

It says in the article that all lien information that doesn't meet the new standards will be removed.  Not just "not scored", but removed.

 

So a credit card issuer would no longer see it.

 

If you're going to apply for a mortgage, they won't see it on your credit report, but they will see any active liens via the title search.

 

 




Last App: 09/26/16.

Zero percent financing is where the devil lives...
Established Contributor
Posts: 847
Registered: ‎06-02-2016
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Re: Public Record Changes in Credit Reports


tcbofade wrote:

It says in the article that all lien information that doesn't meet the new standards will be removed.  Not just "not scored", but removed.

 

So a credit card issuer would no longer see it.

 

If you're going to apply for a mortgage, they won't see it on your credit report, but they will see any active liens via the title search.

 

 


I also read that liens and judgments will also appear in a search by lenders via Lexus Nexis.


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