This is a blurb from the Experian web site as of 2/27/2024
How a Tax Lien Can Affect Your Chances of Getting New Credit
Tax liens may not appear on your credit report, but they’re public records, so they can still affect your ability to get approved for credit.
That’s because a tax lien indicates that you’ve had trouble paying your financial obligations. What’s more, one of the assets the IRS can place a lien on is your bank account, which can impact your ability to make future debt payments.
In both cases, lenders may consider you to be a risky borrower, and if you’re not denied entirely, you may be subject to higher interest rates.
A tax lien can also impact your financial well-being in other ways. In addition to existing assets, the lien may also apply to future assets you acquire. If the IRS seizes your bank account funds, it could impact your ability to meet other existing financial obligations.
Get Help If You Have a Lien on Your Home | Virginia IRS attorney
From negotiating with the IRS to appealing the lien and providing financial planning advice, our Virginia IRS defense attorney can make a significant difference in resolving your tax debt and protecting your home.
Contact the Sodowsky Law Firm today, we know how to deal with the IRS and can help deal with your IRS issue.
