Credit bureaus announce removal of all tax liens from consumer credit reports
Tags : Credit Reporting
The three nationwide credit bureaus – TransUnion, Experian, and Equifax – are making changes to their reporting of public record data in consumer credit reports.
Previous changes, implemented July 1, 2017, that were part of the National Consumer Assistance Plan's enhanced standards for public record reporting, were expected to remove all civil judgment records and as much as 50 percent of tax liens from consumer credit reports.
The credit bureaus have now announced that beginning April 16, 2018, they will remove all tax liens from consumer credit reports and cease reporting all tax lien data. Bankruptcy public record data will continue to be reported.
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