Credit Card Center Advertiser Disclosure

New Contributor
Posts: 58
Registered: ‎09-23-2008
0 Kudos

NY Tax Judgement

So, apparently Gov. Paterson decided to leave me a going away present--a tax warrant.


I thought this was settled, but apparently not. I'm not even going to bother arguing over the amount, since it's less than $1,000, but I have a few unanswered questions anyway.


1. When this judgement hit my report, my score only dropped by 5 points. Not that I'm complaining, but that seems very strange to me. Could it be because it's a relatively low amount? Or because of my next question?


2. According to NYS Dept. of Taxation and Finance, Tax Warrants are only not filed directly by NYS to the CRA's. They also state that once the debt is either PIF or the statute expires, the judgement is then removed from the public record. Now, if I PIF ASAP, and the judgement is removed from public record, will it be removed from my CR since NYS no longer has a vested interest in anymore of my money for the time being? (I'm going to guess no, but a gal can dream, right?)


3. Assuming that the answer to question 2 is no, maybe I can try paying off the debt quickly, then maybe DVing with the CRA's once the judgement is gone?


4. If all of the above fails, how long am I going to have this staring me in the face? The standard 7 years? More? Less?


Any and all help is always appreciated. I'm just glad that this happened after I got my car, otherwise I'd be crying.


Thanks! Smiley Happy


Money, get away.
Get a good job with more pay,
and you're O.K.
Money, it's a gas.
Grab that cash with both hands,
and make a stash.
New car, caviar, four star daydream,
think I'll buy me a football team.
Money, get back.
I'm all right Jack,
keep your hands off my stack.
Money, it's a hit.
Don't give me that do goody-good bulls***.
I'm in the hi-fidelity, first class traveling set,
and I think I need a Lear jet.
Money, it's a crime.
Share it fairly,
but don't take a slice of my pie.
Money, so they say,
is the root of all evil...
But if you ask for a rise, it's no surprise that they're
giving none away.
Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
0 Kudos

Re: NY Tax Judgement

1) If you pulled your FICO scores from here, and you only dropped 5 points, well, congrats, I guess. I certainly would have guessed more. Sometimes a positive gain can offset a negative loss or sometimes adding one more bad thing (if that's the case) doesn't make a different when other baddies are reporting. In any case, it certainly could have been worse (e.g. 70+).


2) They don't legally have to delete if paid, but that would be great if they did.


3) DVs, or Debt Validation letters, only go to CAs, and not CRAs. The FDCPA allows for us to DV a CA inside of 30 days of their dunning letter.


4) A paid tax lien should report for 7 years from when it was paid. Sometimes they natually fall off sooner.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.