Lien & Mean

Paul,
 
A client of mine had a state tax lien from hillsborough county revenue for sales tax put on his credit report (it is still showing on xpn, but has been taken off of the others.)

The lien was placed on his credit on 10/6/99 and was paid and satisfied on 12/22/99. This is still killing his credit and my question is: can it be removed??

It has been removed from efx and tu but not xpn–no coincidence that is his lowest credit score. Please advise.
 
Also, can you tell me why there are 2 efx reports pulling at the same time? What’s up with that? Thanx.
 
Matthew

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Hello Matthew,

According to Experian.com: “Potentially negative information, such as missed payments and most public record items remain on a personal credit report for 7 years, with the exception of Chapters 7, 11 and 12 bankruptcies, which remain for 10 years, and unpaid tax liens, which remain for 15 years. A paid tax lien will remain for 7 years.” (emphasis added)

I’m sure Experian will concede a tax lien paid in December 1999 should have been purged January 2007.  That’s an item that can be cured through a rapid rescore.

Your client’s two Beacon scores is the result of an Equifax split file. 

Split files can result from excessive file size and/or name variations.  If the split file was generated because of file size or from name variations (that are indeed the same person and not a mixed file) then Equifax can reconnect the two files into one file. 

Your client will need to contact Equifax directly by phone to remerge the files.  After doing so, you would run a new Equifax report and have only one Beacon.

Thanks for the questions and hope this helps.

Paul

(source= experian.com/disputes/basics/faq.html)