“The failure to update a credit report to
17 show that a debt has been discharged is also a
18 violation of the discharge injunction if shown to be
19 an attempt to collect the debt. Because debtors
20 often feel compelled to pay debts listed in credit
21 reports when entering into large transactions, such
22 as a home purchase, it should not be difficult to
23 show that the creditor, by leaving discharged debts
24 on a credit report, despite failed attempts to have
25 the creditor update the report, is attempting to
1 collect the debt.”

Furthermore, by failing on a systematic basis to
12 correct the credit reports, as alleged in the complaint,
13 Chase is enhancing its purchasers’ ability to collect on
14 the debt, which is, after all, charged-off debt when
15 purchased, with a relatively high, I can infer, prospect
16 of the…

According NBC News, the number of people who make that grim decision jumped 253 percent between 2005 and 2010.

“Foreclosure may be exceptionally stressful, because it is very protracted and consists of multiple negative events,” said Katherine A. Fowler, a CDC researcher and lead author. “… Other studies show that people tend to become more depressed about negative life events for which they feel personally responsible, and for which they can’t control the outcome.”