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@Anonymous wrote:I'm confused after reading various threads that say 7 years from filing or 7-10 years from payment. MyFico Support says in CA that it's 7 years from filing--and the MyFico Kit advised to dispute 10 year old liens with all 3 CRAs. I did--TU came back with a report saying that it's 7 years from pay date, not the 10 year old filing date. Does that mean paying it started the clock over? Does anyone know the definitive answer--seems like I'm wasting my time disputing this on my CRs. Thanks, I learn something new every time--thanks to everyone who shares what they've learned!
Public Records:
Tax liens remain for 7 years from the date filed if paid and remain indefinitely if not paid.
All judgments remain for 7 years from the date filed.
California State Residents Only:
All tax liens remain 7 years from the date filed.
Dare I say that myFICO got it wrong? When all else fails, check the law. The FCRA says "paid tax liens which, from date of payment, antedate the report by more than seven years." So the filing date is irrelevant. Someone else argued that the clock starts from date of release of of the lien, and that isn't necessarily the same as date of payment. Unless there's some case law to that effect, that's not what the statute says. I don't know about Cali.
ljr8 wrote:Thanks--am I missing something when I read MyFico support on length of time negatives stay on file? Why does the kit tell you to dispute it and ask to have it removed?Public Records:
Tax liens remain for 7 years from the date filed if paid and remain indefinitely if not paid.
All judgments remain for 7 years from the date filed.
California State Residents Only:
All tax liens remain 7 years from the date filed.
@Anonymous wrote:Dare I say that myFICO got it wrong? When all else fails, check the law. The FCRA says "paid tax liens which, from date of payment, antedate the report by more than seven years." So the filing date is irrelevant. Someone else argued that the clock starts from date of release of of the lien, and that isn't necessarily the same as date of payment. Unless there's some case law to that effect, that's not what the statute says. I don't know about Cali.
@Anonymous wrote:Thanks--am I missing something when I read MyFico support on length of time negatives stay on file? Why does the kit tell you to dispute it and ask to have it removed?Public Records:
Tax liens remain for 7 years from the date filed if paid and remain indefinitely if not paid.
All judgments remain for 7 years from the date filed.
California State Residents Only:
All tax liens remain 7 years from the date filed.
@smallfry wrote:
@Anonymous wrote:Dare I say that myFICO got it wrong? When all else fails, check the law. The FCRA says "paid tax liens which, from date of payment, antedate the report by more than seven years." So the filing date is irrelevant. Someone else argued that the clock starts from date of release of of the lien, and that isn't necessarily the same as date of payment. Unless there's some case law to that effect, that's not what the statute says. I don't know about Cali.
@Anonymous wrote:Thanks--am I missing something when I read MyFico support on length of time negatives stay on file? Why does the kit tell you to dispute it and ask to have it removed?Public Records:
Tax liens remain for 7 years from the date filed if paid and remain indefinitely if not paid.
All judgments remain for 7 years from the date filed.
California State Residents Only:
All tax liens remain 7 years from the date filed.
Satisfaction equals paid in full. That's the date the clock starts from.
That's what I thought, but I remember someone here posting otherwise, as if date of satisfaction were a different animal from PIF date. Anyway, it's NOT filing date as stated in the excerpt (from FICO?) above.
@Tuscani wrote:
@smallfry wrote:
@Anonymous wrote:Dare I say that myFICO got it wrong? When all else fails, check the law. The FCRA says "paid tax liens which, from date of payment, antedate the report by more than seven years." So the filing date is irrelevant. Someone else argued that the clock starts from date of release of of the lien, and that isn't necessarily the same as date of payment. Unless there's some case law to that effect, that's not what the statute says. I don't know about Cali.
@Anonymous wrote:Thanks--am I missing something when I read MyFico support on length of time negatives stay on file? Why does the kit tell you to dispute it and ask to have it removed?Public Records:
Tax liens remain for 7 years from the date filed if paid and remain indefinitely if not paid.
All judgments remain for 7 years from the date filed.
California State Residents Only:
All tax liens remain 7 years from the date filed.
Satisfaction equals paid in full. That's the date the clock starts from.Yep!