Note to New Yorkers: “Charged Off” Debt is NOT “Zombie Debt”

“Zombie debt” is a debt you no longer owe that a collector has bought from a creditor nonetheless—for a fraction of the price. The collector then tries to enforce the debt you no longer owe, hoping you’ll repay it. Elsewhere, you may have heard the term, “charged off debt,” and wonder if it’s the same …

Note to New Yorkers: “Charged Off” Debt is NOT “Zombie Debt” Read More »