Missed Tax Payments May No Longer Hurt Your Credit Score

www.wsj.com

The three big credit-reporting firms are planning to remove tax liens from Americans’ credit reports, a move that will make some risky borrowers appear more creditworthy. The firms, TransUnion, Equifax and Experian, have decided to delete the liens from credit reports and to stop adding new tax lien information, according to a court document and two of the companies. The changes will go into effect as soon as April.

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