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Investments glossary

Zombie Debt


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Quotes of the day:

If we want a love message to be heard, it has to be sent out. To keep a lamp burning, we have to keep putting oil in it.

— Mother Teresa

Zombie debt is debt that has fallen off your credit report but, for various reasons, someone is still trying to collect. Zombie debt has often been long forgotten and has probably been written off as uncollectible. But zombie debt can rise from the grave if a debt collector attempts to collect on it all over again, even when the debt is too old to legally pursue.


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