How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Sam Your Own Question
Sam
Sam, Attorney at Law
Category: Bankruptcy Law
Satisfied Customers: 27009
Experience:  More than 20 years of experience practicing law.
10707909
Type Your Bankruptcy Law Question Here...
Sam is online now
A new question is answered every 9 seconds

I had a lien placed against me condo association

Customer Question

I had a lien placed against me for unpaid condo association fees. I paid the lien off in full. It still shows up on my credit report but is listed as PAID. Is that being reported correctly? If not how can I get it removed? Also does if it can not be removed
does this affect my credit any differently than when it was unpaid? I attempted to have it removed but was unsuccessful. Thank you, ***** *****
Submitted: 1 year ago.
Category: Bankruptcy Law
Expert:  Sam replied 1 year ago.
Hello
This is Samuel and I will discuss this and provide you information in this regard
The fact that it is been PAID and showing as such only means the lien holder did its job when you paid it. They notified the credit companies it has been paid.
However, it will not change any affect the lien had on your rating. It is the lien that affects your rating not the paying off of the lien.
You can only dispute inaccurate information on a credit report. The information on the lien will remain on your account for 7 years. Though in the meantime, paying off your bills and closing accounts will increase your score.