In a weird dilema ...

[blk8]

I have a tax lien from the State of CA FTB .... the lien is from Feb 2004. I now have the money to pay it off completely ($1120) but was thinking ..... isnt this going to fall off next year anyhow? And if I pay it today, isn't that going to re-start the 10 year clock?

We all know the CA FTB is not going to be removing this lien and its next to impossible to have off your report. What should I do?

[chevyman]

Tax lien can be reported til paid

[webhopper]

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@blk8 wrote:

I have a tax lien from the State of CA FTB .... the lien is from Feb 2004. I now have the money to pay it off completely ($1120) but was thinking ..... isnt this going to fall off next year anyhow? And if I pay it today, isn't that going to re-start the 10 year clock?

We all know the CA FTB is not going to be removing this lien and its next to impossible to have off your report. What should I do?

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Why would you assume that the lein wouldn't be removed after being appropriately paid?

[blk8]

Because of the numerous other threads here stating no luck in removing it from the CA FTB.

[InvincibleSummer3]

Honestly? It's not going to drop off next year; tax liens report until they're paid. If this is the first time in nine years you've had the means to pay it, I would do that. You have zero chance of getting an unpaid lien removed, and maybe a 5% chance of getting a paid lien removed. That's not great odds, I know, but paying it puts you in a stronger position.

[blk8]

Both Experian and Transunion confirmed if the status doesnt change, or nothing happens in the next year, it will fall off on its own or i can call to have it removed.

I was thinking of paying it all off but leaving a $5 balance. :-)

[RobertEG]

There is no CR exclusion period running on a unpaid tax lien.

The 7 year clock does not begin ticking until paid.  FCRA 605(a)(3).