Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Taxes
Profile Image

Question By
georgems02

0 Contributions
0 People Helped
how many point does removing tax lien add to credit report?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1884 Contributions
3672 People Helped
Most Helpful Response

Biggest Dings to your credit.

Helpful to 2 out of 2 people

Its hard to say, but any government lien on your will report is a big deal. I have heard that a lein will knock 50 to 200 points off your CS, depending on the size of the lein.  If you can pay it off do so, that will help significantly. If you have worked out a payment plan stick to it and get if paid off.

Some creditors will not even consider a new line of credit if you have any kind of lein on your report.

Good Luck!

4 Contributions
9 People Helped

Crossing my Fingers

Helpful to 2 out of 3 people

I just jumped thru all the IRS hoops of fire

Got my Tax Lien Release letter

Submitted letter to all 3 CRB - Credit Reporting Bureaus

Waiting to see what my score will go up to

Right now - it 685 with the IRS Fed Tax Lien on my CR

IF I get 200 points - that will be super tits!!

I hope to get at least 100 - that will put my Credit Score at  785

Looking to getting my life back

Question - What do you call the Legal Mafia that is dead set against regular hard working American citizens?

Reply by
dannyh01

1 Contribution
5 People Helped
Helpful to 5 out of 5 people

Did your credit score go up when the tax lien was released?  I am in the same situation.  I have a released tax lien but filed for the fresh start program.  

1 Contribution
0 People Helped

Tax lien

Hi did anyone get a tax lien remove from your credit report. Please let me know how many points did it go up. I just pay off mind two weeks ago
Thanks in advance

Reply by
BACKAGAIN19

1 Contribution
0 People Helped

Enter Your Reply Depending on the state, it could take 30 - 45 days after the lien(s) are paid off. This is the time it takes for the state reporting to the credit bureau and it being relected on your credit score. That was what the state agent told me. I paid mine off in NY State and I am now waiting for it to be reflected on my credit scores as well. Hope this helps!

1 Contribution
0 People Helped

I know this is an old post but I find myself in the same situation. What credit agencies should I send my tax form 668 z to? 

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.