Around 11 million Americans are going to see their tax returns go up July 1st.
That's because the three major credit reporting agencies will stop using state and federal tax liens and civil court judgments from their reports.
It's part of a settlement with lawmakers in 30 states.
Experts say it's a huge tax break for people with bad credit history.
"Well what I'm seeing kind of anecdotally the social media and in the social media world is humongous excitement primarily from people who have liens and judgments because now they realize that they don't have to sit there and wait 7 plus years for these things to age off a credit report organically. Now they're going to be off their report in the next few months which means, boom! now I'm in the market for a car maybe now I'm in the market for a house, maybe I want to refinance my existing mortgage," says John Ulzheimer, a former experian manager.
On top of that, 20 million Americans with no credit history are going to benefit from a new program that uses cable and cell phone bills to set a credit score.
