Hereâ??s a tidbit from the inner workings of the lending bizâ?¦ I spoke with a colleague at a lending (trade) organization this morning, and discovered some interesting news. Seems that all those folks who claim to have had bankruptcy information deleted, now have another worry that canâ??t be manipulated. Several large mortgage and credit issuers have developed a tactic to thwart shielded BK info. Itâ??s simple, really, and works like thisâ?¦ When a new loan is originated a Pacer search is run to establish BK status and application accuracy. This poses two particular problems for anyone shielding a BK; i) Pacer cannot be manipulated and ii) what to put on credit applications regarding BK filings. Correspondingly, if one indicates on a credit application that theyâ??ve not filed BK and its discovered they have? That can be construed as credit fraud, a criminal offense. Personally, I find it doubtful (at present) that many lenders will press for criminal charges in the latter case. But this industry attitude may change as lenders continue to lose an extraordinary sum each year, specifically due to reliance upon false credit information. Time will tell, yet for those whoâ??ve successfully had a BK deleted from credit report(s) beware before stating (on applications) that youâ??ve not filed. You may find the result an unpleasant experience.