US banks agree to correct credit reports
Move to erase debt after bankruptcies will bring relief to over a million borrowers
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New York
TWO of America's biggest banks will finally put to rest the zombies of consumer debt - bills that are still alive on credit reports although legally eliminated in bankruptcy - potentially providing relief to more than one million Americans.
Bank of America and JPMorgan Chase have agreed to update borrowers' credit reports within the next three months to reflect that the debts were extinguished.
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