debt

When debt won’t die: How to battle 'zombie debt'

The debt that refuses to die
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The debt that refuses to die © iStock

The debt that refuses to die

Forget witches, ghosts and goblins. One of the scariest things you can encounter is a debt that just won't die.

You thought you'd gotten rid of it. Maybe it expired. Or perhaps you slayed it through payment, settlement or bankruptcy. But that zombie debt -- an old financial obligation purchased by a debt collector -- just keeps coming back to haunt you.

Here are 7 things you need to know when fighting off this grizzly ghoul.

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