Tax Liens wreck havoc on your Credit Report. And the bad news is, Tax Liens can remain on your credit report for years after you have already paid off your Tax Debt. Unpaid Tax Liens can remain on your Experian credit report for up to 15 years, and they will remain on Equifax and TransUnion Creidt Reports indefinitely!
When you do finally pay off the Tax Debt, a record of the paid Tax Lien stays on your credit report for seven years! The only way to remove the Tax Liens is after they have expired. Here's a quick guide on how to Remove Expired Tax Liens from your credit report.The Facts:
The Federal Fair Credit Reporting Act allows you to remove credit information that's no longer timely from your credit report. Act on your rights!
1. First, request copies of your credit reports from Equifax, Experian, and TransUnion. The law allows you one free copy of your credit reports annually. Use AnnualCreditReport.com
to gather a copy.
2. Review your credit reports, make sure your tax debt was paid seven years ago. If your Tax Liens were paid seven years ago and they have not been removed, you can dispute the negative information with the credit reporting agencies. If the paid Tax Liens are less than seven years, you have to wait for the chance to remove them.
3. If seven years have elapsed, contact all three credit reporting agencies. You can send an email (their email addresses are on their websites) or you can send letters. Be sure to keep the emails and letters from your records. Make yourself copies and send your letter to the consumer reporting agency by certified mail, return receipt requested.
P.O. Box 740241
Atlanta, GA 30374-0241
P.O. Box 2104
Allen, TX 75013
P.O. Box 1000
Chester, PA 19022
4. Whether you write a letter or send an email, have copies of supporting documentation included, like documents that prove when the lien was paid.
5. Wait 30 days for a response from the Credit Reporting Agency. They should reply with a copy of your Credit Report that reflects the new changes.
Don't let Tax Liens remain on your credit report forever. If seven years have passed since you paid your tax debt in full, get it removed.