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Showing posts from September, 2016

How to Remove a Tax Lien from your Credit Reports

The three national credit reporting agencies, respectively Equifax, Experian, and TransUnion collects tax lien information from the county courts and are updated by the Internal Revenue Service as well. Usually, no action is required by the taxpayer as the status of the lien is updated to show that it is released, typically prior to 30 days after the debt has been satisfied (either through the statute expiring, payment of the liability, compromise of the liability to satisfaction, etc.)  However, if you need the update to be added immediately, or it has been over 30 days and not yet showing as released, you can send the tax lien release information yourself directly to the aforementioned national credit reporting agencies. The first step is to get a copy of your personal credit to verify whether or not the status of the lien has been updated. If it has not, you can dispute the status stating that it should indicate the lien was released. You can do all of this easily and quickly