Zombie Debt

zombie debtI was contacted by a friend that was having trouble with a collection agency regarding a very old debt she had. In fact, the debt was over 9 years old so she assumed that it was long history, but all of a sudden it appeared in her credit report as a recent debt. She couldn’t understand how this had happened and wanted to know what she should do. She had found herself in a growing problem of “zombie debt.”

Zombie debt gets it’s name because it’s debt that seems to rise from the dead. When a debt becomes seven years old, in most cases it should be erased from your credit report whether it’s been paid in full or not. If it hasn’t been paid off, your le


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5 Responses to Zombie Debt

  1. nick says:

    Boston Globe recently published a four-part special report on the business of debt collection in Massachuesetts.


  2. ~Dawn says:

    You should also save all paperwork communication with the collection agency, if they don’t remove, sue the scum.

  3. Hunter says:

    News Flash! If you pay your debts, then you don’t have to worry about Zombie Debt! If you can’t aford to pay, then don’t buy on credit in the first place. If it’s not a legitimate debt, then by all means contact the credit reporting agencies.

  4. Pingback: Personal Finance Advice - » Downright Scary Debt Collection Tactics

  5. Robert says:

    Hey know-it-all Hunter with your big news flash, wake up. My zombie debt was brought about through hospital testing ordered by a doctor. When I told the Dr I was uninsured, he told me not to worry, we need to get me well first and worry about the cost later. The extensive testing he ordered uncovered nothing, the doctor was at a loss as what to do and sent me home with a bunch of drugs.

    Another doctor found the problem and I was cured, leaving a massive amount of debt from the 1st Dr that I would never be able to pay.

    The day I was ordered into court, I found the place jammed with people, and guess what, they were All there with the same problem from the same hospital.

    This debt occured in 1988. I was continuously hounded and taken to court a total of 6 times over this with everyone agreeing I have no ability to pay. Yet on they went with more threats and every 6 months another summons.

    The registration for my 12 year old automobile was revoked four years in a row because I was unable to keep up with the insurance payments. I was at one time 5 months behind in my rent and eventually evicted.

    Do you really think you know what you’re talking about? Maybe you should listen more and say less. In case you haven’t noticed, in this society if you don’t have money you are scum.

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