Detailed text transcripts for TV channel - FOXNEWS - 20110127:20:15:00
Reportable and it may not be accepted by the reporting agency and it may not damage your credit rating, only the late payment of money beyond 30 days is reportable. >>shepard: but is what they have tied to do. in some cases. >>judge napolitano: two businesses as you reported went bankrupt. so they have more debt than they have income. so the bankrupt trustee, a lawyer, appointed by the judge, hires the most aggressive collection agency he can find saying do what you can to bring inasmuch as you can and they start threatening those who did not make a late fee payment which may have been pennies...