Bank of America and JPMorgan Chase Agree to Erase Debts From Credit Reports After Bankruptcies
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Bernadette Gatling says she has lost job opportunities because employers saw debts on her credit report that had been voided. CreditÁngel Franco/The New York Times
Two of the nation’s biggest banks will finally put to rest the zombies of consumer debt — bills that are still alive on credit reports although legally eliminated in bankruptcy — potentially providing relief to more than a million Americans.
Bank of America and JPMorgan Chase have agreed to update borrowers’ credit reportswithin the next three months to reflect that the debts were extinguished.
The move is a victory for borrowers whose credit reports have been marred as a result of the reported debts, imperiling their job prospects and torpedoing their chances of getting new loans…
Bank of America and JPMorgan Chase Agree to Erase Debts From Credit Reports After Bankruptcies
