Establish a Consumer Credit Amendment, that shields citizens from credit blackballing by lenders and reporting agencies.

Bankruptcies and poor credit reporting stalls the recovery of the national economy. Put an Amendment in place that allows an individual to freeze his credit (and reporting thereof) without charges, penaltiies or interest until all of his debts are paid in full at his own pace. Then and only then can he be removed from the freeze list, and issued additional credit from lenders again. Lenders lose no money (other than profits) and can immediately tap into a debt free cousumer base that buy homes and cars and such. Force the reporting agencies to show only that all credit is frozen (or afterward) that all debts have been paid in full to the listed creditors without history. Also force all creditors to reimburse 50% of any money paid on morgages (Principle and interest) when forclosing.