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Frequent Contributor
PayYouNever
Posts: 396
Registered: ‎08-11-2007

Tax Lien Release, but Still Being Reported

I had a CA State Tax Lien file back in Jan. 05, and then paid it off by Jan. 06. It's still being reported on EQ is there anyway to get this released lien removed from my CR?
Established Contributor
TexMontana
Posts: 678
Registered: ‎05-29-2007

Re: Tax Lien Release, but Still Being Reported

Is it being reported as paid?
" I like to live as a poor man, with a lot of money." - Pablo Picasso (who was a jerk.)
Frequent Contributor
PayYouNever
Posts: 396
Registered: ‎08-11-2007

Re: Tax Lien Release, but Still Being Reported



TexMontana wrote:
Is it being reported as paid?




Yes, it's being reported as "released" which I guess translate to being paid.
Valued Contributor
Lady_Scarlet
Posts: 2,385
Registered: ‎09-10-2007

Re: Tax Lien Release, but Still Being Reported

[ Edited ]
Probably not - but then it is PAID and will hurt less and less as it ages.  I just disputed mine on Experian (not reported as paid), Equifax has it right, not sure about TU, they have to mail it for some reason.
 
How much it hurts also depends on the amount to an extent - mine was pretty small ($640) and happened while we were bouncing around with DH recalled to AD.


Message Edited by Lady_Scarlet on 09-13-2007 04:14 PM
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Frequent Contributor
PayYouNever
Posts: 396
Registered: ‎08-11-2007

Re: Tax Lien Release, but Still Being Reported

[ Edited ]
Mine is small, $1300, but I have Fed one I'm trying to get rid of. $13,000,yikes!

although figured that it would be removed once it was paid.

I wonder if I could PFD the IRS?

Message Edited by PayYouNever on 09-13-2007 04:53 PM
Valued Contributor
SpecFile
Posts: 1,357
Registered: ‎08-07-2007

Re: Tax Lien Release, but Still Being Reported

The CRAs will not delete once paid.  State or Federal Tax Liens remain on you CR for 7-10 years from date of release. 



Moderator Emeritus
HappyDays
Posts: 7,326
Registered: ‎06-18-2007

Re: Tax Lien Release, but Still Being Reported

My son talked to IRS on phone & got his deleted
Valued Contributor
SpecFile
Posts: 1,357
Registered: ‎08-07-2007

Re: Tax Lien Release, but Still Being Reported



HappyDays wrote:
My son talked to IRS on phone & got his deleted


If it was filed in error yes that may be true.  If you have a legitimate lien, phone call will do no good.



Moderator Emeritus
HappyDays
Posts: 7,326
Registered: ‎06-18-2007

Re: Tax Lien Release, but Still Being Reported

nope  he owed $25,000 for 5 years....they deleted (NOT the CRA) the IRS deleted it!
Established Contributor
TexMontana
Posts: 678
Registered: ‎05-29-2007

Re: Tax Lien Release, but Still Being Reported

You are correct-- Released = Paid.
Unfortunately, it won't drop off your credit reports for 7 -7.5 years.
YMMV.
" I like to live as a poor man, with a lot of money." - Pablo Picasso (who was a jerk.)

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