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.

2890

New Member

May 31, 2019 7:49:49 PM

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.

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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.