Rebuilding Your Credit

[PayYouNever]

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?

[TexMontana]

Is it being reported as paid?

[PayYouNever]

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TexMontana wrote:

Is it being reported as paid?

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Yes, it's being reported as "released" which I guess translate to being paid.

[Lady_Scarlet]

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

[PayYouNever]

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

[SpecFile]

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

[HappyDays]

My son talked to IRS on phone & got his deleted

[SpecFile]

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HappyDays wrote:

My son talked to IRS on phone & got his deleted

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

[HappyDays]

nope  he owed $25,000 for 5 years....they deleted (NOT the CRA) the IRS deleted it!

[TexMontana]

You are correct-- Released = Paid.

Unfortunately, it won't drop off your credit reports for 7 -7.5 years.

YMMV.