Tax Liens/Civil Judgments not on Credit Reports

Posted By: swiggles

Tax Liens/Civil Judgments not on Credit Reports - 06/21/17 05:13 PM

Tax Lien Judgments no longer on Credit Reports

This is the first I have heard of this. Have there been any discussions about it? My search doesn't turn up anything.
Posted By: Cornfed Turtle

Re: Tax Liens/Civil Judgments not on Credit Reports - 06/21/17 05:19 PM

Got something from Fannie Mae about their expectations. If you sell to them, you may want to check out their news feed. Lender Letter LL-2017-02

Also, google "National Consumer Assistance Plan," to see changes coming for next year.
Posted By: HRH Okie Banker

Re: Tax Liens/Civil Judgments not on Credit Reports - 06/21/17 07:55 PM

Not hearing a lot about this yet. I have seen that American Banker, sponsored by LexisNexis, is having a webinar about this on June 28th for which I've registered.
Posted By: luvs2trvl

Re: Tax Liens/Civil Judgments not on Credit Reports - 06/22/17 09:39 PM

some will still appear on the reports. Only those where they can't verify 3 of 4 data points (consumer name/address/SSN/ DOB) will be removed.
Posted By: Andy_Z

Re: Tax Liens/Civil Judgments not on Credit Reports - 06/23/17 06:38 PM

This made the news months ago when it was announced. While I don't disagree with the reasoning, it seems it can open credit to some unworthy applicants. I could be wrong but I don't think it'll be a huge problem, but I believe there will be isolated cases of abuse.
Posted By: rlcarey

Re: Tax Liens/Civil Judgments not on Credit Reports - 06/23/17 06:43 PM

I guess I am confused as to how this is going to lead to "abuse"?