I filed a mechanics lien on a customer. They have not received insurance money and are going to pay me out of pocket while they wait for the money to come because they are very concerned about the lien affecting their credit score. I've read that generally, mechanics liens don't affect a credit score but what does that mean. When would it affect their credit score? He's very concerned and asking lots of questions and I want to make sure I can give him accurate and clear information.
Mechanics liens themselves do not directly impact an individual's credit score. Unlike other types of liens, such as tax liens or mortgage liens Geometry Dash World , mechanics liens are typically not reported to credit bureaus or factored into credit scoring models.