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cbass1017

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

1528 Magic Points

Subject: tax lien...

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.
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Scott McKay
FreeOnlineCreditGuide.com

scott

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

10878 Magic Points

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
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SCOTT

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

carol

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

29555 Magic Points

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.
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Carol

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