Some of these loans — known as zombie mortgages — were reportedly sold to debt buyers for pennies on the dollar, despite many ...
Zombie debt refers to old or expired debts you’ve either forgotten about or never knew about that debt collectors try to resurrect and collect. The most common types of zombie debt include discharged ...
The state’s high court this week set a four-year limit on how long a collection firm can seek “zombie debt” for an unpaid car loan. The ruling stems from a pair of lawsuits filed by a national ...
JACKSONVILLE, Fla. – Could your old debt come back to haunt you? A man who used to live in Duval County said “zombie debt” appeared in his life seemingly out of nowhere. Justin Purser said a debt of a ...
Zombie debt is a term that describes old debts that have been written off or deemed uncollectible by the original creditor. This usually happens when zero payments have been received for a specific ...
Identity theft doesn’t just impact your life when it happens it can mess up your finances for years. Consumer advisor Clark Howard breaks down how you can fight back when faces with debts you don’t ...
InvestigateTV - Tens of millions of Americans use credit cards. According to the New York Consumer Credit Panel, credit card debt is the most common type of debt, with “191 million Americans with at ...
With Halloween upon us, it seems like the perfect time to share highlights on a concerning trend in collection attempts, known as zombie debt, a debt raised from the dead, so to speak. It could be old ...
Zombie debt refers to old debts that are typically written off or past the statute of limitations but are still pursued by debt collectors. Have you ever received a phone call or letter from a debt ...
The statute of limitations on debt is there to protect consumers from being sued. But consumers still have an obligation to repay that debt. Federal Watchdog takes notice: The Consumer Financial ...
Could your debt be reduced or forgiven? Take our financial relief quiz. Dealing with debt repayment is never easy, but if old debts come back to “haunt” you, the implications may be even worse than ...
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