topic tax lien in General Credit Topics

tax lien

Anonymous — Tue, 19 May 2009 19:52:50 GMT

I just paid a tax lien for my 2000 income taxes. The total was 86.88. It was a state of WV income tax thing and I never learned of it after my move to Ohio. The lien was released on Friday the 15th.

Can I expect a score decrease due to the recent activity on this, or will the release of the lien give my score a bump?

I am just over 630 now on TU and 622 on EQ, so I don't really need a drop.

Hoping to prequalify for a mortgage in July.

Re: tax lien

Anonymous — Tue, 19 May 2009 22:40:56 GMT

I also noticed viewing my myfico reports that my 3 of my 4 inquiries are dated 5-19-08, which means as of tomorrow there wil be but one inquiry. Will this help my score?

Re: tax lien

Anonymous — Tue, 19 May 2009 23:28:49 GMT

The inquiries will remain for another year, they stay for 2 years. However, they only affect your score and appear on a myFICO report for 1 year. You may see some small movement from losing some. I wouldn't expect much.

As for the lien, some have stated they saw increases when a lien/judgment reports as satisfied, others say decreases, and others say no movement.

YMMV