Reply
Frequent Contributor
Kathy4NU
Posts: 279
Registered: ‎07-09-2012

Re: State Tax Lien


Cheryla18 wrote:

electra wrote:

Interesting...that IS helpful, thanks!  What do your EQ and EX reports say?


Suprisingly enough Experian says that it will remain until Feb 2020........3 years earlier than what TU says it will fall off.

So the Notes at the Top of my Experian reports says this: A paid tax lien may remain for up to seven years.  Unpaid tax liens may remain for 10 years..... Looks like Experian just went with the 7 years even though it is  has not been paid.

 

Cheryl


 

I wonder if Experian goes with the 7 years regardless.  If so, being 19 years old it would be past their 7 year mark.

 

EQ said it is whichever is first so they shouldn't reinsert it.

 

TU said it stays on forever unpaid and 7 years after being paid which means they would reinsert it but than that is also a direct conflict with what is on your report.

 

I am scheduled to close on May 24th.  I am thinking about paying it around May 22 unless they tell me to pay it earlier.  Really thinking it won't be reinserted but TU is scaring me a bit on what they say and what they do.

 

 



June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Frequent Contributor
virgo
Posts: 419
Registered: ‎11-26-2011

Re: State Tax Lien

You might want to take a look at the letter I posted. 'why are liens allowed to report this way' 5/01/2013 Sent to CB's and CFPB (consumer financial protection bureau)
Established Contributor
electra
Posts: 573
Registered: ‎10-21-2012

Re: State Tax Lien


Cheryla18 wrote:

electra wrote:

Interesting...that IS helpful, thanks!  What do your EQ and EX reports say?


Suprisingly enough Experian says that it will remain until Feb 2020........3 years earlier than what TU says it will fall off.

So the Notes at the Top of my Experian reports says this: A paid tax lien may remain for up to seven years.  Unpaid tax liens may remain for 10 years..... Looks like Experian just went with the 7 years even though it is  has not been paid.

 

Cheryl


Hmmm, you may be on to something.  My EX report only has 1 of my 6 liens.   EQ and TU both have 5 of them.  Wonder if that's why...



Starting Score: TU:584 | EQ 584
Current Score: TU FICO: 711 | EQ FICO 713 | EX (USAA FAKO) 779
Goal Score: 780 across the board


Take the FICO Fitness Challenge
Frequent Contributor
Kathy4NU
Posts: 279
Registered: ‎07-09-2012

Re: State Tax Lien

I went and paid this off today as frustrating as it was.  They would not budge on giving me a letter to getting it off my credit reports if it were to pop up on it.  Also, the stupid lady I dealt with said that it will take 30 days to show up as released.  **bleep**???????  She told me it would be the same day.  Today she says she has to snail mail it to the capital where they do their paperwork and than snail mail it to the county who files the release who than snail mails it back to her!!  Had I known this I would have paid it last month!  She said it will be back dated to todays date.  That doesn't matter if my name shows up on a lien search!!!  I think you have to flunk an IQ test to work for the government.

 

 I close on my house in just 10 days.  Haven't heard anything from the CU in about a week.  I know they are waiting on the appraisal which should be in today or tomorrow.  I assume once that comes in I will go into underwriting.  Does anyone know if I am correct on this?  My boss did tell me that they have not contacted her to verify employment yet.  I assume that means I am not in UW yet.  I do think that going trought he CU and them keeping the loan in house and not selling it that they may do things differently than what others experience.

 

I leave twon Thursday morning for a business trip to Chicago for a 6 days.  That should keep my mind off of it.  The conference will be very time cosuming with no time to think about the house etc.  

 

Keeping my fingers crossed it doesn't show up on my credit reports.  Originally, it was only on Equifax that I am aware of.  Equifax confirmed it would not reappear because of the 10 year rule.  EX and TU are a different story.  

 

The waiting game begins................



June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Established Contributor
kroberts67
Posts: 813
Registered: ‎03-04-2013

Re: State Tax Lien


guiness56 wrote:

They don't themselves, they hire outside agencies to do it.  Like Lexus Nexus.

 

 


Lexus Nexus is a collection agency?  



FICO: EQ 727 | TU 724 | EX 718
SFFCU Visa $11.3k + LOC $5k, USAA Amex $6k, USAA MC $7k, Amex BCE $4.5k, Cap1 $1k, Freedom $5k, Slate $3.2k, Barclays SM $5k.

My Credit Repair Journey
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: State Tax Lien

Lexis Nexis is a CRA.  They collect all kinds of information including judgments, liens, and law suits, vital records etc.

Established Contributor
kroberts67
Posts: 813
Registered: ‎03-04-2013

Re: State Tax Lien


guiness56 wrote:

Lexis Nexis is a CRA.  They collect all kinds of information including judgments, liens, and law suits, vital records etc.


Oh whew.  I sent them a full disclosure request a few weeks ago to see if there's anything I don't know about, then saw this and wondered what have I done....  



FICO: EQ 727 | TU 724 | EX 718
SFFCU Visa $11.3k + LOC $5k, USAA Amex $6k, USAA MC $7k, Amex BCE $4.5k, Cap1 $1k, Freedom $5k, Slate $3.2k, Barclays SM $5k.

My Credit Repair Journey
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: State Tax Lien


kroberts67 wrote:

guiness56 wrote:

Lexis Nexis is a CRA.  They collect all kinds of information including judgments, liens, and law suits, vital records etc.


Oh whew.  I sent them a full disclosure request a few weeks ago to see if there's anything I don't know about, then saw this and wondered what have I done....  


Lol.

Frequent Contributor
Kathy4NU
Posts: 279
Registered: ‎07-09-2012

Re: State Tax Lien

For those who have been watching/wondering...

 

I paid this off two weeks ago.  Not showing up on any credit reports thus far.

 

I closed on my house last Wednesday without the tax lien ever being mentioned.  Hopefully, it is a thing of the past and won't make an appearance.



June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: State Tax Lien


Kathy4NU wrote:

For those who have been watching/wondering...

 

I paid this off two weeks ago.  Not showing up on any credit reports thus far.

 

I closed on my house last Wednesday without the tax lien ever being mentioned.  Hopefully, it is a thing of the past and won't make an appearance.


Congrats on your house!  You can sleep now that it is all over.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+