What Action Get a Tax Lien on Our Credit Report

EW800 · ‎06-04-2014

Since being so focused on recovery, I have seen a lot of messages about tax liens. I have no experience with these. I was just wondering what actions/activity gets a tax lien on our credit report? Is it anytime the feds or state believe we owe them money, or is it only if we avoid/ignore them?

Thanks for any insight!

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 839; EQ8: 845; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .

gdale6 · ‎06-04-2014

@EW800 wrote:
Since being so focused on recovery, I have seen a lot of messages about tax liens. I have no experience with these. I was just wondering what actions/activity gets a tax lien on our credit report? Is it anytime the feds or state believe we owe them money, or is it only if we avoid/ignore them?

Thanks for any insight!

Lien is last resort after call other options been exhausted. If you talk with them to work out your differences there is no lien filed.

EW800 · ‎06-04-2014

@gdale6 wrote:
@EW800 wrote:
Since being so focused on recovery, I have seen a lot of messages about tax liens. I have no experience with these. I was just wondering what actions/activity gets a tax lien on our credit report? Is it anytime the feds or state believe we owe them money, or is it only if we avoid/ignore them?

Thanks for any insight!

Lien is last resort after call other options been exhausted. If you talk with them to work out your differences there is no lien filed.

Thanks much!

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 839; EQ8: 845; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .