If I set up an irs installment agreement will affect my credit or will it show on my report? Or only unpaid taxes with no agreement affects credit score.

I will be probably setting up an installment agreement to pay my taxes owed from 2016 that are less than $10000. I'm worried on the effect that could have on my credit since I'm not paying in full.

posted

The installment agreement won't impact your FICO credit score...its an installment agreement not a loan. The only way it would affect your credit is if you fool around and default on your agreement. Then you open yourself to levies and possibly a federal tax lien.