Remove an IRS tax lien before paying it off
Update on the removal IRS tax lien.
These videos have been very helpful to people and those people are reaching back to me telling me their stories of success. You can watch Michael’s interview here he removed his IRS tax lien in 30 days. I had somebody touch base with me about how they removed an IRS tax lien that was above the maximum amount allowed by the IRS for the Fresh Start Program.
Originally when the IRS set up this program, the maximum was lien amount was $30,000 (there is talk about upping it to $50,000). What my viewer told me was she negotiated her debt down from above $70,000 to the level that was acceptable for this program. Then she went through the process to remove the tax lien and was very successful. She used two forms the IRS Form-656 an the Offer-in-Compromise) She now has a credit report with out any mention of the IRS tax lien.
Another viewer, Scott reach out to me about how he actually removed his tax lien from his credit report before he paid the debt in full. Although you are required to set up an automatic payment plan with the IRS and after a few payments, the IRS will remove it from your credit report like was never there. He was able to remove an IRS tax lien before paying it off. It is a great story and I want to thank him for sharing it with us. Also, check out the end of the video for some whitewater rafting footage from our Scout outing in West Virginia on the New river.
If you want to see more videos about credit and credit scoring check these out at www.thecreditguy.tv. If you are a mortgage lender please share this on your Facebook or LinkedIn page. If you have any questions, leave them down below I’d be happy to answer them.
Go to www.getloanready.com to find other ways to improve your credit score. I’m Dave Sullivan here for the credit guy TV so you with a little bit me we’re going to change the credit industry thank you