topic Re: Is this LexisNexis lien bad or ok? in Rebuilding Your Credit

Is this LexisNexis lien bad or ok?

Swatch — Sun, 06 Jun 2021 03:10:09 GMT

I'm confused about how LexisNexis is reporting a state tax lien (that I didn't remember or know about).

It has 2 records listed under the Lien section. The first record says "State Tax Lien Release" and the second says "State Tax Lien". They both have the same filing number, filing amount, and page number. The Lien entry (2nd record) doesn't have filing date or release date. The Release entry has no filing date but it has a release date years ago.

So does this mean that I don't owe the amount (in the 2nd record) anymore?

Or is it something bad? When I first looked at this report I assumed they had released the lien and somehow re-entered the same lien right afterwards. Because it's confusing how the release is the 1st record and not the 2nd.

I'm just concerned about this looking negative if I have to call for reconsideration on a credit card, store card, or other.

Re: Is this LexisNexis lien bad or ok?

Anonymous — Sun, 06 Jun 2021 07:52:57 GMT

@Swatch wrote:
I'm confused about how LexisNexis is reporting a state tax lien (that I didn't remember or know about).

It has 2 records listed under the Lien section. The first record says "State Tax Lien Release" and the second says "State Tax Lien". They both have the same filing number, filing amount, and page number. The Lien entry (2nd record) doesn't have filing date or release date. The Release entry has no filing date but it has a release date years ago.

So does this mean that I don't owe the amount (in the 2nd record) anymore?

Or is it something bad? When I first looked at this report I assumed they had released the lien and somehow re-entered the same lien right afterwards. Because it's confusing how the release is the 1st record and not the 2nd.

I'm just concerned about this looking negative if I have to call for reconsideration on a credit card, store card, or other.

That is how my state tax lein is. You still owe it. Log into your state account and find out.

There it shows me that they just renew the lein by releasing it and then placing another, at a higher balance owed. Or if some reason the time expires, the just renew it.

Re: Is this LexisNexis lien bad or ok?

FireMedic1 — Sun, 06 Jun 2021 13:20:40 GMT

@Swatch wrote:
I'm confused about how LexisNexis is reporting a state tax lien (that I didn't remember or know about).

It has 2 records listed under the Lien section. The first record says "State Tax Lien Release" and the second says "State Tax Lien". They both have the same filing number, filing amount, and page number. The Lien entry (2nd record) doesn't have filing date or release date. The Release entry has no filing date but it has a release date years ago.

So does this mean that I don't owe the amount (in the 2nd record) anymore?

Or is it something bad? When I first looked at this report I assumed they had released the lien and somehow re-entered the same lien right afterwards. Because it's confusing how the release is the 1st record and not the 2nd.

I'm just concerned about this looking negative if I have to call for reconsideration on a credit card, store card, or other.

You say you didnt know about it and then ask that you dont owe the amount. As said by @Anonymous check your court records. Its either a debt or not. If its not you. File a dispute with them and get it removed. If it is for real. Pay it off to get it out of your life. Good luck.

Re: Is this LexisNexis lien bad or ok?

Swatch — Sun, 06 Jun 2021 16:17:21 GMT

@FireMedic1 wrote:
You say you didnt know about it and then ask that you dont owe the amount. As said by @Anonymous check your court records. Its either a debt or not. If its not you. File a dispute with them and get it removed. If it is for real. Pay it off to get it out of your life. Good luck.

In another thread, someone said you can just wait until it falls off. But it seems like they have the right to keep renewing it and probably will since they already did it once apparently?

Re: Is this LexisNexis lien bad or ok?

Swatch — Sun, 06 Jun 2021 17:57:34 GMT

@Anonymous wrote:
That is how my state tax lein is. You still owe it. Log into your state account and find out.

There it shows me that they just renew the lein by releasing it and then placing another, at a higher balance owed. Or if some reason the time expires, the just renew it.

Oh. I don't know of any state account, but I will find out. This one renewed at the same amount.

Does it prevent you from getting credit cards / store cards / car loans? Does it prevent you from getting credit union memberships? I want to dispute this but I really wanted to get a credit card soon (and I was considering an auto refinance application). I think this might have been why I was denied for credit union memberships in the past. Disputing could take months.

Re: Is this LexisNexis lien bad or ok?

Anonymous — Mon, 07 Jun 2021 02:52:02 GMT

@Swatch wrote:
@FireMedic1 wrote:
You say you didnt know about it and then ask that you dont owe the amount. As said by @Anonymous check your court records. Its either a debt or not. If its not you. File a dispute with them and get it removed. If it is for real. Pay it off to get it out of your life. Good luck.
In another thread, someone said you can just wait until it falls off. But it seems like they have the right to keep renewing it and probably will since they already did it once apparently?

Taxes are something that is difficult to just make disappear.

Go to your state's tax website and make an account and see what it shows. That will be your best bet.

If you owe it, they have likely been keeping any tax refunds (state and/or federal).

This can impact you in the long run. They may eventually freeze your bank accounts and take whatever is in them - this also has happened to me.

It may or may not prevent you from getting credit, but I think the more important thing is to get it figured out before it really takes a wrecking ball to your finances than just getting it off your LexisNexis.

This will likely prevent you from getting a mortgage, maybe not so much credit cards or other credit products, but still absolutely worth figuring out.

Re: Is this LexisNexis lien bad or ok?

designated_knitter — Mon, 07 Jun 2021 20:53:40 GMT

@Swatch wrote:
@Anonymous wrote:
That is how my state tax lein is. You still owe it. Log into your state account and find out.

There it shows me that they just renew the lein by releasing it and then placing another, at a higher balance owed. Or if some reason the time expires, the just renew it.
Oh. I don't know of any state account, but I will find out. This one renewed at the same amount.

Does it prevent you from getting credit cards / store cards / car loans? Does it prevent you from getting credit union memberships? I want to dispute this but I really wanted to get a credit card soon (and I was considering an auto refinance application). I think this might have been why I was denied for credit union memberships in the past. Disputing could take months.

Owing back taxes on your credit report is up there with a foreclosure or bankruptcy.

From a lender's perspective, if you can't even be trusted to pay your taxes which can result in seizure of assets, jail time, or loss of your job (pretty big consequences), how can you be trusted to pay unsecured debts when the only remedy is a civil judgement.

Many employers will not hire you with tax liens because it is probably the most fundamental obligation one has. If you are employed and you get a tax lien to garnish your wages, employers can fire you if it happens more than once.

Re: Is this LexisNexis lien bad or ok?

Swatch — Mon, 07 Jun 2021 21:18:46 GMT

@designated_knitter wrote:
Owing back taxes on your credit report is up there with a foreclosure or bankruptcy.

WOW!

Well, I want to inform LexisNexis that I am disputing the lien so they can put some kind of note on it while I work on the dispute.

Re: Is this LexisNexis lien bad or ok?

Anonymous — Wed, 09 Jun 2021 22:55:31 GMT

I'm sorry for disrupting this thread, I'm just confused because I was under the impression that tax liens don't show up on credit reports anymore as of 2018. Further, I've been told by various people, both here and in real life, that people with tax liens get mortgages all the time.

Last month a tax lien was filed against me. The IRS agreed to my payment plan but informed me in the agreement letter they would be filing a lien. I hope, since I am on a payment plan, that I won't have to worry about garnishments or anything unless I default. But anyway, since I'm going through this as well, it concerns me that it's on your credit report and that people are saying you could lose your job, or not be hired, or refused credit, because I was told different. So far my tax lien has not appeared on my credit report.

Anyway I was just hoping someone might have a little clarification. I see the name LexisNexis thrown around here a lot, but I'm not entirely sure what that is, I've never had to deal with them. Is it because the state sent you to collections or something?

I'm sorry again for jumping in with the questions, it's just the tax lien is new territory for me and I'm trying to learn.

Re: Is this LexisNexis lien bad or ok?

Swatch — Wed, 09 Jun 2021 23:04:34 GMT

Personally, this lien is not showing on EX, EQ, TU, but it shows on my LexisNexis report. I ordered that report because of trying to be careful. Seems like I could have easily not known for years otherwise.

LexisNexis seems different from the other consumer credit reporting agencies but it does get checked by at least one common credit card issuer.

It seems like federal and state liens are different.

Re: Is this LexisNexis lien bad or ok?

Anonymous — Wed, 09 Jun 2021 23:08:27 GMT

I see. I had an entirely different idea of what LexisNexis is. I didn't know it was a report you could order, I thought it was a collection company reporting on your credit reports when you said they were reporting the lien.

That clears up a lot then, though I am still a little worried about some of the other things.

Re: Is this LexisNexis lien bad or ok?

Swatch — Wed, 09 Jun 2021 23:14:36 GMT

Yeah, it seems like LexisNexis has 2 reports too, and that they have this other company/division with a report. There are so many now.

I hope someone else can give you more information on your questions. I will tag the 2 that wrote those comments for you. @designated_knitter and @Anonymous

Re: Is this LexisNexis lien bad or ok?

gdale6 — Wed, 09 Jun 2021 23:16:58 GMT

@Anonymous wrote:
I see. I had an entirely different idea of what LexisNexis is. I didn't know it was a report you could order, I thought it was a collection company reporting on your credit reports when you said they were reporting the lien.

That clears up a lot then, though I am still a little worried about some of the other things.

There are many CRAs here is the list

https://files.consumerfinance.gov/f/documents/cfpb_consumer-reporting-companies-list.pdf

Re: Is this LexisNexis lien bad or ok?

designated_knitter — Wed, 09 Jun 2021 23:28:52 GMT

@Anonymous wrote:
I see. I had an entirely different idea of what LexisNexis is. I didn't know it was a report you could order, I thought it was a collection company reporting on your credit reports when you said they were reporting the lien.

That clears up a lot then, though I am still a little worried about some of the other things.

There is LexisNexis Legal and Professional which is for attorneys... it contains all case law in the United States (and many other countries). It contains every Supreme Court decision down to local court decisions. it is sort of like Google for lawyers. I actually work for Legal and love it because it supports the rule of law.

then there is LexisNexis Risk which is a whole separate business entity and used for completely different purposes. I despise Risk since I don't like being their product!

they are both owned by the same Mothership so it gets confusing.

Re: Is this LexisNexis lien bad or ok?

Anonymous — Thu, 10 Jun 2021 00:02:58 GMT

And regular consumers can order a report?

Does it report things like property ownership as well?

@gdale6 thanks for the list, I downloaded it, very useful! I clicked the link in it to get a free report.

Sorry again for the derail!

Re: Is this LexisNexis lien bad or ok?

Swatch — Thu, 10 Jun 2021 01:16:18 GMT

@Anonymous wrote:
Sorry again for the derail!

I was done with this thread anyway

Yes, the Consumer Disclosure Report does have a property ownership section.

Re: Is this LexisNexis lien bad or ok?

chijo — Thu, 10 Jun 2021 08:28:06 GMT

Lexis Nexis is a set of databases that has long been used by attorneys, private investigators and others to do what they do. They have gathered quite a lot of info about a lot of things that runs America now.

Re: Is this LexisNexis lien bad or ok?

Swatch — Thu, 10 Jun 2021 08:48:27 GMT

Accurint is what I was trying to think of. LexisNexis has 2 different Accurint reports. One is specifically for collectors to help find people.

CoreLogic Credco also reports liens, property ownership, collections, etc.

Re: Is this LexisNexis lien bad or ok?

jmw1 — Thu, 10 Jun 2021 22:59:00 GMT

@Swatch wrote:
@designated_knitter wrote:
Owing back taxes on your credit report is up there with a foreclosure or bankruptcy.
WOW!

Well, I want to inform LexisNexis that I am disputing the lien so they can put some kind of note on it while I work on the dispute.

No. No. No. No. No. Don't dispute. Get on a repayment plan with them.

You need to treat this lien much more seriously even though it doesn't show up in the big three bureaus. A credit card derogatory that shows in a credit report is far less serious than this tax lien which doesn't show up in standard credit reports. Don't dispute something you owe. If you don't owe it, you need to discuss this with the governmental tax agency directly and get them to remove the debt from your tax account. Don't try and stick your head in the sand by disputing with LexisNexis.

The tax authorities have super collection powers beyond a normal creditor. They don't have to prove that you owe the money in court and get a judgment to enforce collection. They say you owe and you're guilty as charged. No judge. No jury. Straight to execution. They can grab money from your bank account or wages at any time with no notice and generally make your life miserable leaving you with no money for gas or food. If you declare bankruptcy, the tax debt might survive and be non-dischargable which means you still owe it after bankruptcy. As stated by someone else, this lien can prevent you from getting a job or a mortgage.

I don't know what state you are in. But if the IRS is the KGB of collections, the Franchise Tax Board (California) is the elite Delta team within the KGB of collections. Get on a payment plan with them and pay it off. Don't go around disputing it or ignoring it in hopes it will go away.

Re: Is this LexisNexis lien bad or ok?

800goal800 — Sat, 16 Apr 2022 00:00:37 GMT

I just received my report. Would there be a section for liens / bankruptcies even if there weren't any ? A section that would have that as a title then with blank information? There are multiple categories but none that specifically would highlight a lien.