troy@azthefirm.com
    952-412-7233

Troy DowdellTroy Dowdell

Realtor® Gilbert, Arizona

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Tax Liens and Judgements to Come Off Credit Reports

Tax Liens and Judgements to Come Off Credit ReportsTax Liens and Judgements to come off many consumer’s credit report

Effective July 1st, 2017, Transunion, Equifax and Experian will be excluding tax liens and some civil debts/judgements from consumer’s credit reports. The Consumer Data Industry Organization has stated that this initiative is to ensure consumer identifications are accurate and current.

In a move that will boost many consumers credit scores, the three main credit reporting agencies will remove tax liens and civil debts if reports on those particular obligations do not include: names, addresses, and social security numbers and/or date of birth according to the CDIA.

Federal law requires that accurate information is provided to ensure accurate credit reporting. Consumers have complained that paid debts are still appearing on their credit report. The National Consumer Assistance Plan will help consumers with prior challenges to obtain loans they otherwise may have been declined.

This is really good news for the housing market obviously, as this news will have an immediate impact on about 10% of Americans. Couple this information with my prior blog on low down/no down payment mortgages and you end up with great news for many people. With the Dow over 20,000, looser credit guidelines and this recent news on credit reporting; times are looking pretty good.

Posted in: Credit Report, Mortgage, Real Estate, Uncategorized Tagged: credit report, credit report update, credit scores, equifax, experian, judgements, tax liens, transunion

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ABOUT AGENT

Troy Dowdell is the Greater Phoenix Areas Top 1% producing Realtor since 2009.Troy is also a Paralegal, and licensed Realtor in Minnesota. With over 10 years of experience, Troy Dowdell has become the Phoenix area's "go to" agent and a consistent leader with a reputation for tenaciously protecting his clients' interests. Read More..

TESTIMONIALS

“Had a great experience with Troy selling a short sale home. He made the experience hassle free! Was very knowledgeable about the process. Thank you Troy!”

Gilt1225
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CONTACT

Troy Dowdell, Realtor®, Real Estate Investor

952-412-7233
troy@azthefirm.com

1521 E. Elliott Rd. #104, Gilbert, AZ 85234

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