Wednesday, April 1, 2009

Tax Liens and How they can Affect you

Previously I discussed having a tax lien on my credit report pertaining to a vehicle. I have learned a lesson and have taken full responisibility for the debt that is on my credit report.

3 Things You Should be Aware of

1. Don't give someone your social security number: I allowed my brother to put a car in my name. I never drove the car, rode in the car, or anything of that manner. Now I have a tax lien on my credit report close to $9,000. First, I permitted him to use my SSN to put the car in my name so who is at fault? Mine, of course.

2. Ask about the taxes on a vehicle when you purchase it out of state or in another county: When I first inquired about the lien I was told that it was dealing with a Cadillac Escalade. I disputed it and of course it didn't come off. When I went today, it involves that vehicle and my old truck. Both cars where purchased in other states and the tag was issued in GA. Because the tags where purchased here, the company didn't charge taxes on the vehicle. Please ask if the will charge you tax so you don't get caught years later owing a debt that you are unaware of.

3. Stay On Top of all debts: If you receive documentation stating that you owe anything contact them and ask what it is. See if they can provide some background information to let you know what it is specifically. Debtors do make mistakes so if you feel that it doesn't belong to you dispute it. If it doesn't it will be removed from your credit report.

The Light Makes Things Clearer
This situation has brought me to the light. I was unaware, now I am glad that I found out. I asked her to explain it to me so I would get a clear understanding of what was going on.

I have to pay my part. There is a third party helping me with this situation with my relative. He has to do his part because he was misled.

Where there's a will there's a way. Things happen for a reason. I sometimes question why they always happen to me. Maybe it's not the time for me to experience whatever. Don't fret because trouble doesn't last always. I know that financial success will be mine. I just have to move forward and do the best with what I am given.
Post a Comment

Privacy Policy

Privacy Policy for www.financialsuccessismine.blogspot.com

The privacy of our visitors to www.financialsuccessismine.blogspot.com is important to us.

At www.financialsuccessismine.blogspot.com we recognize that privacy of your personal information is important. Here is information on what types of personal information we receive and collect when you use and visit www.financialsuccessismine.blogspot.com, and how we safeguard your information. We never sell your personal information to third parties.

Log Files
As with most other websites, we collect and use the data contained in log files. The information in the log files include your IP (internet protocol) address, your ISP (internet service provider, such as AOL or Shaw Cable), the browser you used to visit our site (such as Internet Explorer or Firefox), the time you visited our site and which pages you visited throughout our site.

Cookies and Web Beacons
We do use cookies to store information, such as your personal preferences when you visit our site. This could include only showing you a popup once in your visit, or the ability to login to some of our features, such as forums.

We also use third party advertisements on www.financialsuccessismine.blogspot.com to support our site. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as Google through the Google AdSense program) information including your IP address, your ISP , the browser you used to visit our site, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).

You can chose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.