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Federal Tax Lien removed!!!!

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Pastryprincessnails
Regular Contributor

Federal Tax Lien removed!!!!

I'm hoping for a score bump fingers crossed it was $19,500 weight lifted Smiley Happy
NFCU $17k Amex Gold Jared $3k PC Richards $1500 Discover IT $1800 NYCO $3k BOFA $4500 Macys $2400 Credit One $1450 Victorias Secret $2950 Walmart $4k Target $800 Capital One $1850 JCrew $8700 Paypal $600 Best Buy Mastercard $1500 Barclays $1430 Amazon Store Card $480 Amazon Visa $4k The Limited $1050 Old Navy $5k Overstock $1150 Citibank Dc $1700 Raymour and Flanigan $2500 Chase Freedom $1k Chase Slate $3200
Message 1 of 13
12 REPLIES 12
kroberts67
Established Contributor

Re: Federal Tax Lien removed!!!!

Congrat! Keep us posted on your score bump. Although from what Ive read, the bump isn't as high as you'd think it would be. It's more glorious just not having that public record reporting. Good luck!

FICO: EQ 814 | TU 847 | EX ? (Started in the low 500's... you can do it!)

Amex BCE $25000, Amex AP $20000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $9500, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $12500, Citi Diamond $11200, Citi Double Cash $12000, Care Credit $13500k.
My Credit Repair Journey
Message 2 of 13
rebuildingmission2013
Contributor

Re: Federal Tax Lien removed!!!!

That is amazing.  Did the liens fall off or did the CRAs remove them after dispute?  

Message 3 of 13
Pastryprincessnails
Regular Contributor

Re: Federal Tax Lien removed!!!!

The cras removed them because I filed for a withdrawal with the IRS fresh start program...
NFCU $17k Amex Gold Jared $3k PC Richards $1500 Discover IT $1800 NYCO $3k BOFA $4500 Macys $2400 Credit One $1450 Victorias Secret $2950 Walmart $4k Target $800 Capital One $1850 JCrew $8700 Paypal $600 Best Buy Mastercard $1500 Barclays $1430 Amazon Store Card $480 Amazon Visa $4k The Limited $1050 Old Navy $5k Overstock $1150 Citibank Dc $1700 Raymour and Flanigan $2500 Chase Freedom $1k Chase Slate $3200
Message 4 of 13
jim20j
Valued Member

Re: Federal Tax Lien removed!!!!

So by withdral program, would that be the Direct Debt Installment?

Message 5 of 13
kroberts67
Established Contributor

Re: Federal Tax Lien removed!!!!


@jim20j wrote:

So by withdral program, would that be the Direct Debt Installment?


Jim - when you are on the DD program, once you make 3 consecutive payments this way you can send in the Lien Withdrawel request form.  I have read that some people send it in after their first payment and had luck getting it removed.

FICO: EQ 814 | TU 847 | EX ? (Started in the low 500's... you can do it!)

Amex BCE $25000, Amex AP $20000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $9500, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $12500, Citi Diamond $11200, Citi Double Cash $12000, Care Credit $13500k.
My Credit Repair Journey
Message 6 of 13
jim20j
Valued Member

Re: Federal Tax Lien removed!!!!

That's good to know! I filled out the 433-D form in Feb and apparently they do not accept doing semi-monthly payments as the form appeared that you could do so. So they sent it back to me denied and to fill it out again, which I did. So 2 months wasted. I was originally thinking of sending out the form 12277 Withdrawal lien a week before my 3rd payment were to be debited. I will give it a shot and try it after the 1st and see what happens. Thanks!

Message 7 of 13
myjourney
Super Contributor

Re: Federal Tax Lien removed!!!!


@Pastryprincessnails wrote:
I'm hoping for a score bump fingers crossed it was $19,500 weight lifted Smiley Happy

Congrats 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 8 of 13
09Lexie
Moderator Emerita

Re: Federal Tax Lien removed!!!!

I had 3 liens withdrawn last year and unfortunately since they were from 2006 it barely increased my CS. However, the public record removal was winderful!

Congrats on getting yours removed!
Message 9 of 13
TimeToRecover
Established Contributor

Re: Federal Tax Lien removed!!!!

09Lexie,

 

My paper work is sitting at the irs right now wiating for those withdrawl papers to show.  My question is this.  Using the "score simulation" tools for some reason they all show my score going down when the lien is removed.  is this the case.  is there a reason the removal of a 4 year old tax lien would lower score rather then help or at minimum stay the same?


Starting Score: 570 ish
Current Score:EX (701) EQ (711) TU (705)
Goal Score: 750
In My Wallet: GE Care Credit (8K) BestBuy (6K) BofA Cash Rewards Signature Visa (7K) Cap One Quicksilver (10.5K) Chase Freedom (4K) Lowes (6K) VS Angel Card (2.4K), Macys (4K)
Message 10 of 13
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