Removing A Tax Lien From A Credit Report

The rules changed in February 2011, with the IRS announcing new policy regarding their credit reporting.  Tax liens can now be removed from a credit report.  The IRS will "withdraw' the tax lien and the credit reporting agencies will remove the entry like it was never there.

Prior to this policy change the credit bureaus' practice was to update credit reports as to the status of the tax lien.  For example updating a credit report to "released".  A released tax lien is just as bad as an unpaid tax lien from a credit score perspective.


Is it fair to say this is a sea change for how creditors treat credit reporting?  Or, has removal of deragatory items been going on all along?  What is clear, for the first time a major credit reporting agency, the federal government, is now as public policy, removing derogatory trade lines from consumers' credit reports.

Give your credit repair Texas specialist a call to discuss credit reporting and how to increase a credit score to lower borrowing costs