Reporting Balance on a Credit Report after Bankruptcy Discharge Unlawful

by Bankruptcy Law Network (BLN)

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November 27, 2007

Unfortunately, many people receive their credit reports after filing bankruptcy and obtaining a discharge, only to find that creditors continue to report a balance due, payments are late, or other false information. Such reporting has no legal basis pursuant to state law, federal law, Federal Trade Commission commentary, credit reporting industry standards, debt collector trade organization standards, or other laws.Indeed, the American Collectors Association (ACA) recently released a statement advising: “The FCRA allows an account discharged in bankruptcy to be listed on a consumer report for up to seven years�but it must be reported as discharged in bankruptcy and reflect a zero balance.”

via Reporting Balance on a Credit Report after Bankruptcy Discharge Unlawful.