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@creditchild wrote:hey all. if i set up a payment plan with the irs as long as i make my payments on time
will it show up on my credit report?
I've done that several times and nothing negative ever showed up. But DO NOT be late with the IRS. They have no sense of humor about those things.
From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work
so as long as i'm paying on time it would not appear on my credit report. am i correct?
@creditchild wrote:so as long as i'm paying on time it would not appear on my credit report. am i correct?
IME that is correct.
From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work
I had a Federal Tax Lien added to my credit report two months ago. I saw a 1pt drop in my score and I'm not certain that was the result of the IRS. Since that time I've setup a payment plan with the IRS and my agent informed me that they would remove the lien once it's paid in full. She said there is a lien department I could speak with at that time. My goal is to have this paid off in 10 months so fingers crossed...
Does anyone know if having a Federal Tax Lien actually hurts your approval? I could see it hurting on mortgage but I just got a Best Buy Reward Zone MC with a fresh tax lien on my report.
Some good information from another thread:
http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Tax-Lien-Question/td-p/701093
@creditchild wrote:hey all. if i set up a payment plan with the irs as long as i make my payments on time
will it show up on my credit report?
I realize I may have misunderstood what you were asking.
Is there a IRS tax lien already in place you want to pay off or are you looking to set up a payment plan to avoid a tax lien?
From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work