Federal Tax Liens definitely damage your credit score. But what is the exact kind of damage it can do?
A client of mine who keeps religious track of his score allowed me to share this info regarding his Federal Tax Lien:
Pre-filing of lien: 710
Lien filed in amount of $35,000
Post federal tax lien amount: 560
Now, once we get the lien released or withdrawn, his score will go back up to 710. From my understanding the filing and subsequent release of a lien does not damage credit.
If you have a lien or tax issue you need assistance with, contact us at 888-727-8796 or email info@irsmedic.com.
