Posted on in Consumer Education
From time to time, we get great content from our friends over at Advantage Credit. In December, they wrote about Short Sale and Foreclosures and how each affects your credit report. Short Sale Vs. Foreclosure: How Does Each Affect My Credit? Advantage is back with an update on the latest changes from the IRS regarding Tax Liens. The big change … If you have had a tax lien in the past and you have paid it off in full or by settlement, you can now remove the lien from your credit report, thereby increasing your credit scores. This is good news for consumers and will help some folks obtain home financing that otherwise couldn’t. It’s not often we cheer for the IRS but this is one instance they deserve some credit (sort of a pun there). Anyway, here’s the skinny, courtesy of Mindy Leisure and Advantage Credit. Up until now a tax lien, paid or unpaid could haunt your credit […]
by jberman