Tax liens remain on file for seven years from the date paid. If the tax lien is not paid, it will remain on the file indefinitely. Chapter 13 bankruptcies that have been dismissed or discharged remain on file for seven years. All other bankruptcies remain on file for ten years. The personal information appearing on your credit report may either be reported to us by a credit grantor, obtained from public records, or updated in response to correspondence we have had with the individual consumer.
Creditors make credit decisions.
Each creditor has their own formula for evaluating a credit application, and only the creditor can tell you why they made a decision. TransUnion does not grant or deny credit. Our role is to supply the creditor with the contents of the report, which they can review in order to assist them in making a sound decision. Many times, the decision does not have anything to do with your credit report, but instead is based on things like your income, length of residence, or employment. If you feel there is an error on your credit report, contact the office listed at the bottom of the report and file a dispute.