Education Tax Lien Killer!
Saturday, 28 November 2015 06:01

Tax Lien Killer!

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February 24, 2011 President Obama announced new policies regarding Federal Tax Liens. Some of the highlights of these changes are: No Federal Tax Liens will be placed for amounts under $10,000 No Delinquent balances under $10,000 will be reported with the credit bureaus A consumer who makes a payment arrangement with their tax lien and makes their 1st payment as an auto-debt will be able to get the tax lien removed from their credit report. This policy is retroactive which will affect all Federal Tax Liens current in place! There has been no report on whether the States will follow suit on this but Credit Guys has found that the credit bureaus have made a broad adjustment to the reporting of ALL tax liens and we are seeing the similar results for State Tax Liens.

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