Posted on: 27th Nov, 2011 11:16 pm
Hi there… can anyone let me know whether or not I can qualify for a loan when I have a tax lien mentioned in my credit report?
If you have a tax lien mentioned in your credit report, it will be quite difficult for you to qualify for a loan. Most of the lenders will want you to pay off the tax lien in full and then apply for a loan. However, if you have a payment plan with the IRS and if you're paying off the tax lien as per that plan, then you may qualify for a loan.
i have seen people get approved as long as they have been in a payment plan(always paid on time) for 12+ months.
