Bank of America pays $5.5 million to settle class action lawsuit over failure to properly report debt discharged in bankruptcy

Bank Of America

Bank of America has agreed to pay $5.5 million to settle a class action lawsuit alleging it failed to update credit report information for credit card accounts sold to third parties where the account holder’s debts were discharged in Chapter 7 bankruptcy after they were sold.

According to the lawsuit BOA’s failure to update credit card information when the account holder’s debts were sold meant that the trade lines did not indicate that the debts were included in bankruptcy. The trade lines allegedly continued to reflect that the debts were sold, charged off and $0 balance.

If you had a Bank of America credit card and your debts were discharged in a Chapter 7 bankruptcy, you may be entitled to payment.

The deadline to opt out of or object to the Bank of America class action settlement is Jan. 30, 2018.  More information can be found at the settlement website.

judith g. said
592 days ago
credit card, fees and charges

Karen H. said
552 days ago

deborah p. said
551 days ago
I had credit cards with bank of america and they sold it to other people.
They also sold my home equity line to another broker and I did not know anything.

Debra P. said
550 days ago
We had a morage that was mist with and didn't even have one had to pay

Debra P. said
550 days ago
We was forced to pay a morage we didn't have and even after we payed it is still on our credit report as not payed o. time

Dawn R. said
155 days ago
Please help I fought with the mortgage company for 5pluss years and I lost my fight 2years ago when nation star and Bank of America took my house away from me 5244 ridge Ave Philadelphia PA 19128

I fought the mortgage company for 5 plus years and lost 2years ago to nation Star and Bank of America took my house away from me

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