No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
It's gone
Oh man congrats!!
Maybe this will help others. My IRS back taxes were wiped out in Chap7 no asset BK. IRS by law had to release the lien due to no assets within 30 days. Once I got the release copy from the corthouse. I sent it to the CRB's. IRS wont do it. No score change. Shows Paid-Released. It was filed 08-2009. Due to fall off 7 yrs later this August. I tried the withdrawl form. Denied due to the BK wiped out the lien. So its 7 yrs from date filed, not released. Age may*may not increase scores. Its old..
@cem13 wrote:
@dman23 wrote:I just learned that it's not the IRS or respective state that reports a tax lien to the CRA's, rather the CRA's get this information as a matter of public record. I guess technically one with a tax lien could luck out if CRA doesn't do a public recodr search on an individual.
I am in this situation. I had a State tax lein from 2009 and I paid it off in 2011. The State forwarded a removal request to the county and it was removed. TU and EQ picked it up and removed it from my report. EX would not remove it. I forwarded them a screen shot of the county website under my name and address with "No Returned Results" EX updated my file to and entered "Lein Removed" but kept the negative tradeline.
EX is my highest score so I do not think it is affecting me much. It is scheduled to drop off in 15 months anyway. During my recent mortage, the UW had me write a letter so explain why I had the lein. I explained everything to her and she was surprised that EX would not removed it. Nevertheless, my written statement was good enough and I received the mortgage anyway.
Summary: My tax lein is listed as "Removed" but still remains on my EX without any harm to my score. A Mortgage UW thought it was unusual and requested the I write a letter explaining the situation and I received the mortgage. So overall, it did not hurt me.
Cem13, Experian has changed their stripes. If you call this week you should no longer have a problem with removing that lien since they no longer pay private vendors for data such as that. Some will say that CRA can verify it themselves but in your case either way is a win. Just thought I would share. Congrats on your mortgage!