Why Does My Credit Report Still Show A Balance After Bankruptcy?
Probably because the creditor still wants their money! Unless that creditor did not get notice of bankruptcy, reporting a balance is a very power debt collection tool and a popular tool by the debt collection industry to collect debts previously discharged in bankruptcy. In prior articles, I had written how such acts will subject the creditor to liability. Recently, on January 12, 2009, the Ninth Circuit ruled in Gorman v. Wolpoff & Abramson, LLP, 2009 U.S. App. LEXIS 585 (9th Cir. Cal. Jan. 12, 2009), that California Civil Code 1785.25(a) may also now be used to sue creditors who continue to report incomplete or inaccurate information. No doubt, reporting a balance after discharge without bankruptcy notation is definitely incomplete and inaccurate! To read more, please click my National Blog.
Written by Michael G. Doan