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.
- charge-offDeclaring debt uncollectible
- resurrectRestore after ending
- write-offRecorded value reduction
- written offRegarded as worthless
- unpaid billsAmounts not yet remitted
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
- debtscar loan, student loan, loans, bank loan, personal loan
zombie debtfinancial freedom
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