Daniel RosenCredit Repair Business Mentor | Insights from 250+ Podcasts

He's Not an Attorney But He's Won Millions Suing Debt Collectors

9 Apr 2026 · 1 min

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In this interview excerpt, Speaker A describes how consumer reporting agencies (CRAs) often fail to properly update credit reports after a consumer files for bankruptcy. Specifically, they do not zero out balances, leave accounts in charge‑off status, and neglect to mark debts as discharged, which constitutes violations of the Fair Credit Reporting Act (FCRA). Daniel Rosen acknowledges that he has helped many people with related issues, confirms that failure to wipe balances is indeed an FCRA violation, and affirms that consumers can sue the CRAs for these infractions. The exchange ends with Speaker A expressing admiration for Rosen’s expertise.

Chapters

People often file bankruptcy around America. I'm not saying the bankruptcy is the problem itself. The consumer reporting agencies, they know that a consumer has filed Chapter 13 or 7 or whatever.
Uh-huh.
But they don't correct the credit card information. They don't correct the balance. That's one. Then two, they'll leave it in a charge-off status. They don't put it on discharged in bankruptcy. And so we go after the consumer reporting agencies for that. Daniel, the credit report is so many violations.
Okay, let's back up a minute because I've helped a lot of people with part of this, but not the part you're talking about. When you file a bankruptcy, very often they don't wipe them to zero and they're supposed to be wiped to zero. And when they don't wipe it to zero after the bankruptcy, that's a violation?
That's a violation under the FCRA. Yes.
And you can sue them for that?
Yes. This is mind-blowing. You're the coolest guy on the planet.