The three big credit-reporting firms are planning to remove tax liens from Americans’ credit reports, a move that will make some risky borrowers appear more creditworthy and increase the chance they will get new loans from banks. The firms, TransUnion, Equifax Inc. and Experian PLC have decided to delete the liens from credit reports and to stop adding new tax lien information, according to a court document and two of the companies. The changes will go into effect as soon as April.

Source: Wall Street Journal March 22, 2018 11:01 UTC