zombie debt

Resurrected old bill

Zombie debt is old debt that resurfaces unexpectedly—often sold to collection agencies who attempt to recover it long after the original creditor wrote it off.

The debt may be past the statute of limitations, already paid, or discharged in bankruptcy, yet collectors pursue it anyway: They're calling about zombie debt from a credit card I closed fifteen years ago.

Related

liability · predatory lending · consumer rights · default · statute of limitations · arrears · bank · delinquency · credit reporting · credit score · skip tracing · dispute resolution · avoidance · settlement agreement · garnishment · insolvency · creditor · credit counseling

Categories
Opposites
debt validity/enforceability

zombie debtoutstanding balance

Sum still due

secured debt · open account

debt lifecycle status

zombie debtcurrent account

Bank account for regular transactions

financial health/standing

zombie debtfinancial freedom

clear title · good standing · clean slate · solvency

Family

zombie, debt, zombies, debts, indebted, indebtedness, debtor, debtors

Familiarity
Top 500,000
Profile
Timeless · Abstract · Negative · Rated G