Tax Lien Question

Zeryl — Mon, 06 Apr 2009 17:31:37 GMT

So I've been working hard at getting my scores up, which I've done, and have been approved for an FHA @5.25% (well, pre-approved, no GFE or paperwork filed yet).

I just got a credit watch alert today of a tax lien (which has already been taken care of, filed in Nov, but it just now showed up).

It dropped my score 4 points.

I'm curious, however, how much will this affect me going forward?

I know it's a negative, which isn't good at all. But the 4 point drop, is that going to cnotinue to go down, or will I actually start recovering now?

The tax lien is paid off, so that's not the issue. The amount filed with the lien is also incorrect (it was a sales tax lien, since I didn't file sales tax on time (quite late, acutally), so it was an estimated amount).

What do I need to do? I mean, the lien is paid, so I'm not worried about on-going items as much as on-going effects of it hitting my credit report (which they explicitly told me it wouldn't, but I didn't do the PFD since it was a state tax lien and all).

Any suggestions/ideas/thoughts?

Re: Tax Lien Question

Anonymous — Mon, 06 Apr 2009 23:57:37 GMT

You should call the government agency that filed the lien and beg them to have it removed, since you apparently paid before it was reported.

topic Tax Lien Question in General Credit Topics

Tax Lien Question

Re: Tax Lien Question