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Posted in Taxes
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Cindylou1313

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NO MORE TAX LIENS ON CREDIT REPORTS!?
On CBS nightly news, mar 12,2017 they stated ALL TAX liens will be removed from credit scores/reports.

Now if I can only get a PRO from Credit Karma to explain. How will this affect us, & when?
I have 3-liens. NO ONE will rent a apartment even to me. It's from a divorce. Thanks creditkarma

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I'm not from Credit Karma nor a Pro, however the info are out there for couple of months now...

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It's not ALL the tax liens/public records will be removed, it's those that dose not meet the "new minimum reporting requirements" will be removed by July 1st, which it requires all public records obtained from the original source locations to contain minimum identifying information(PII), Name, address, SSN and/or date of birth. Some "experts" or "insiders" think it's about half of them will be removed...  Tho yes, when it's no longer on your credit reports and will no longer affecting your credit scores but it's still exist in the world of Public Records, Lenders/Creditors will just need to run a record search on their own and you can expect them to do so for most of the housing related apps. If it's unpaid? Debt owner most certainly can still come after you for it.

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