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Bank of America and JPMorgan Chase Agree to Erase Debts From Credit Reports After Bankruptcies – NYTimes.com

 

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Source: Bank of America and JPMorgan Chase Agree to Erase Debts From Credit Reports After Bankruptcies – NYTimes.com

The two banks have agreed to update borrowers’ reports within the next three months to reflect that the debts were canceled.

Finally some relief to people caught up in the mortgage crisis.  These Banks, who received billions from the Government are finally doing something to help the poor consumer.  By updating credit reports, people can now afford to buy a new home.  Its about time.