| An neglected federal tax lien on ones credit | | | | Federal Trade Commission recommends that |
| report can cause serious problems with his or her | | | | individuals file their dispute by mail because it is |
| credit. Liens are included in public records and have | | | | easier to furnish the credit bureaus with written |
| a substantial influence on your credit rating. The | | | | documentation to support your claim in saying |
| IRS is different from other creditors. They only | | | | that the tax debt is not yours. |
| give debtors ten days to fulfill a tax debt before | | | | Make Payment On the Tax Debt and Endure the |
| notifying credit bureaus and creating a federal tax | | | | Reporting Period |
| lien. Fortunately, you may be able to successfully | | | | Many people prefer to pay on their tax debt and |
| have the tax lien eliminated. | | | | give the IRS lien enough time to be removed |
| Dispute Inaccurate IRS Liens Found In Your Credit | | | | from their credit reports. Annoying tax liens stay |
| File | | | | on your credit for a period of seven years after |
| An intense study conducted by the Public Interest | | | | they are paid. Leaving a tax lien unpaid will result in |
| Research Group of The United States revealed | | | | it remaining on your report for fifteen years. This |
| that nearly eighty percent of American citizens | | | | is a mistake that can hinder your chances of |
| have mistakes on their credit files. Unfortunately, | | | | establishing a decent beacon score. It is advisable |
| the mistakes you find may be more serious than | | | | to pay it off in the beginning. |
| an address that does not belong to you or the | | | | There is a small time period revolving around the |
| misspelling of your name. Some are even stunned | | | | ten-year mark where paying off your tax debt |
| when they find a federal tax lien placed on their | | | | will lead to it staying on your credit for a longer |
| credit file that does not belong to them. | | | | time period. The lien can only be enforced for ten |
| A direct dispute is very effective for situations | | | | years unless the IRS renews it. This is highly |
| like these. Were you aware that the Fair Credit | | | | unlikely, but it does happens on some occasions. |
| Reporting Act grants every consumer the | | | | Paying off the tax debt will result in it being on |
| opportunity to dispute inaccurate or | | | | your credit for seven years thereafter. This can |
| unrecognizable information found in their credit | | | | leave the tax lien on your file for seventeen |
| reports? You can file the dispute with the tax lien | | | | years rather than fifteen. |
| by mail, on the phone, and even online. The | | | | |