The Quiet Clean Credit Rating Crisis

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The Quiet Clean Credit Rating Crisis

Your right is to possess a clean slate after a bankruptcy, but that’s not always the case. In the time after bankruptcy, debts are supposed to be completely erased. A lawsuit accuses multiple credit card companies of not adhering to this new law, showing the harmful debts on your credit report. This means that borrowers are supposed to pay what is no longer owed, or else their credit scores lower. If companies are doing this, it’s unlawful, and it is the abuse that was meant to be over when the financial crisis was ended. Department of Justice is looking into the scandal.