When I heard the term zombie debt I asked what is that. Zombie debts are those old, unpaid debts owed companies that have given up trying to collect but they seem to keep coming back becoming Zombie Debt. Now, however, they are selling those debts to debt collectors, who miraculously bring them back to life and resume the pursuit. Of you again becoming Zombie Debt.

That doesn't mean you can ignore a valid zombie debt, though. It can wreak havoc on your credit rating. So if you do in fact owe the zombie debt and substantiate that the debt collector is in fact the owner of that debt, you'd be well advised to make arrangements to clean up that particular dirty, lurching problem.

To learn more about zombie debt read on.