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Zombie Debt

Zombie Debt - Definition A zombie debt is an old debt that a consumer believes has been addressed and a creditor attempts to collect. Most typically, this happens when a company buys up accounts owned by another company, often for very low prices, and then starts collecting on th

What is Zombie Debt?

Zombie Debt - Definition A zombie debt is an old debt that a consumer believes has been addressed and a creditor attempts to collect. Most typically, this happens when a company buys up accounts owned by another company, often for very low prices, and then starts collecting on th

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