Tax Liens

Tax liens can affect how potential lenders view your creditworthiness. Some lenders may decide not to extend credit to you at all if you have a multitude of negative marks, such as tax liens. This is why it’s always important to pay bills, including any taxes, on time.

What is a tax lien?

A tax lien is placed on individuals who haven’t paid taxes at the local, state or federal level. Often this is for personal income tax, but it can also include other governmental taxes such as property tax. When you neglect or refuse to fully pay your tax debt on time, a lien is created. This means the government has a legal claim against your property, including real estate, personal property and financial assets.

Do Tax Liens Affect Your Credit?

Tax liens will appear on your credit report and could negatively affect your credit. How much a tax lien will affect your credit varies from person to person.

Updating Your Report When a Tax Lien is Released

July 14, 2016

Dear Experian, I have a tax lien release from the IRS. I was going to send it to all bureaus until I read that the credit bureaus get tax lien...

How Long to Recover Credit After Paying a Tax Lien

September 12, 2013

Dear Experian, I am currently paying off a state tax lien. After the tax lien has been paid in full, how long will it take for my credit to be...

Bankruptcy and Tax Liens

September 10, 2013

Dear Experian, I have a client who filed for bankruptcy over 10 years ago. The bankruptcy is no longer showing on his credit report but the state and federal tax...

Tax Liens and Credit Scores

August 17, 2013

Dear Experian, I have a tax lien on my credit report. I know it isn't mine. It belongs to a relative that was living with me. I am having it...

Tax Liens in Your Credit Report

November 7, 2012

Dear Experian, How long do public tax liens stay on your report after they have been released? - SVB

Tax Liens Not Discharged Through Bankruptcy

March 28, 2012

Dear Experian, I filed bankruptcy in 2002 because of divorce. It was discharged with zero assets and zero liabilities. A 1996 Michigan state tax lien still remains on my credit...