Helpful Resources


Community




Creditmagic Twitter





Credit on Facebook




tax lien...

Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
cbass1017



Joined: 01 Feb 2008
cbass1017's page
Posts: 143
Location: PA


1528 Magic Points

Subject: tax lien...
 
Posted on Sat May 09, 2009 11:38 pm  

Does anyone know exactly how much my score will go up after having a tax lien removed from my credit reports? The last i checked my score was around 675 and I was wondering how high it might be now without having to actually pay to see my new credit score.
_________________
Scott McKay
FreeOnlineCreditGuide.com
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 446



10878 Magic Points

 
Posted on Mon May 11, 2009 7:11 am  

Hi cbass,

It is definite that by removal of a tax lien your credit score would increase. The exact rating however would depend on other items in your credit history. The credit score constantly keeps changing with every business transaction you make. From your credit score i understand you have a good credit history so maintain it by paying your bills on time. You will see a considerable increase in your credit score.

Good luck to you
_________________
SCOTT

Use your credit account responsibly and enjoy a debt free life.
carol

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California


29555 Magic Points

 
Posted on Mon May 11, 2009 9:45 am  

Paid tax lien stays in your credit report for seven years from the date you have made the payment. It is very difficult to say how much your score will improve if the lien gets removed from your report because your score depends on the FICO algorithm which is not public, but your score will definitely improve. You can expect your score to cross the 700 mark.
_________________
Keep in touch
Carol

Quick Reply
Your Name
Subject
Message body
Page 1 of 1

 





Page loaded in 0.161 seconds.