Zombie debt collection is on the rise. Zombie debt also known as Phantom debt is an extremely old or even fictitious debt that has returned “from the dead” to “haunt” the debtor. That amount owed on the debt can somehow grow to thousands of dollars when it was originally for a few pennies or never even owed in the first place. While the concept of zombie debt has been around for a long time, it has recently gained much attention as consumer complaints regarding this type of debt continue to grow.
01 June, 2018