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From NYTimes 5-8-15:

 

Bank of America and Chase will delete lines from CR after bankruptcy filings, which they should have been doing anyway.   Link below.

 

But also from the article:

 

Bank of America promised to go further, agreeing to fundamentally change the way the bank reports all the stale debts that are sold to financial firms. For all credit-card debts sold since May 2007, court records show, the bank will remove any marks on consumers’ credit reports. That way, a lawyer said, “should a previously sold credit card account go through a bankruptcy discharge,” the mark will already be gone.

 

This says they will delete anything after May 2007 that was sold to a junk debt buyer.

 

I am going to be monitoring my reports to see how this plays out - I have an OC line with them for which the JDB line was deleted after I sued.  

 

 

http://www.nytimes.com/2015/05/08/business/dealbook/bank-of-america-and-jpmorgan-chase-agree-to-erase-debts-from-credit-reports-after-bankruptcies.html?emc=edit_th_20150508&nl=todaysheadlines&nlid=43571867&_r=0

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I have not seen it yet in my CRs.  I did not go through a bankruptcy, but I had 4 BofA/FIA charge-offs sold to JDBs.  All 4 JDB suits were won in court (dismissed w/prejudice x 3, dismissed w/o prejudice x 1).  All 4 BofA/FIA still show on my report.  

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@BigDaddyBry

 

Unfortunately, your wins in court against JDBs will have no effect on the OC entries on your credit report.

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@BigDaddyBry

 

Unfortunately, your wins in court against JDBs will have no effect on the OC entries on your credit report.

 

According to the post, BofA was going to remove entries regarding debts that were sold to JDBs after 2007.  I have not seen that yet.  All were sold to JDBs after 2007.

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@BigDaddyBry

 

I guess BofA decided not to do so.  Unless there was a court order, the bank isn't required to do it.

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