Dklod

"Negative records such as collection accounts, bankruptcies and late payments will remain on your credit reports for 7-10 years."

But, I am in a peculiar Catch-22. A Federal Tax Lien was filed against me in 2002. It would normally drop off of my Credit Report in 2012. And it would have, if I had not settled it in 2007, converting it to "Paid, Released."

But, as I understand it, there is a "penalty" for settling the Lien, rather than just ignoring it. Now, instead of dropping off in 2012, it will remain until 2014--seven years from the 2007 Release Date.

Am I correct about this? It is surely not the intent of the law. Is there any way for me to request fair and rational treatment? From whom?

This is very odd. The credit reports definitely do distinguish between "Closed by User" and closed by lender.

You must mean that, when an account is closed by the lender, they do not distinguish whether the lender closed the account because of the borrower's activity vs. because the lender's program has been discontinued.

No?