Tag Archives: National Consumer Law Center

Is It Time For Regulators To Stab Zombie Debt Through The Brain?

by Chris Morran, Consumerist

Pregnant woman worrying over bills

What a lot of people don’t know — and what debt collectors rarely mention — is that most unpaid debt has an expiration date after which you can’t be sued for repayment. And even fewer consumers are aware that this dead debt can be sparked back to life by making a payment after it’s already passed on to the debt afterlife. A new report calls on federal regulators to make sure that debt doesn’t rise from the dead in zombie form. Read More ›