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July 2010

How to deal with Old Debt…Zombie Debt

By | July 27th, 2010|Credit Report, Debt, FDCPA, Zombie debt|

Sometimes old debt that you thought was long ago dead and forgotten comes back to haunt you. A scary practice performed by junk debt buyers and collection companies is the purchase of old and often outdated debts for pennies on the dollar and then come after you for payment. These outdated debts are known as Zombie Debts which you may have to kill if they resurrect from the grave. […]