2006-07-05 00:39:28 · 4 answers · asked by Shannon K 1 in Business & Finance ➔ Credit
Until the debt is paid in full (either by you, or they take it out of your Federal Tax Refund each year when filing, or both). Once it has been satisifed, it will remain on your credit report 7 yrs from the paid in full date.
2006-07-05 02:08:15 · answer #1 · answered by DollyLama 5 · 0⤊ 0⤋
That's not true, Sunshine. My understanding, from talking to the IRS, is that once a federal tax lien is filed against someone, it stays on one's credit report for 10 years, therefore making the person responsible for paying it off in that 10 year period. After that, if the lien is not paid in that period of time, the person is no longer responsible for that payment but it will remain on a person's credit report for an additional 10 years. Making it a total of 20 years that a person has to contend with that notice. As time goes on, the impact of that lien is less.
2015-09-14 06:46:43 · answer #2 · answered by 12know 1 · 0⤊ 0⤋
Till they take it off.
2006-07-05 00:42:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It will always be there.Never go away.
2006-07-05 00:43:39 · answer #4 · answered by sunshine 3 · 0⤊ 0⤋