Zombie Debt: A debt that isn’t yours or one you paid off years ago haunting your credit report. We investigate the financial phenomenon that can put a freeze on your finances.
Debt in collections can negatively impact your credit score, which can affect your ability to apply for loans or purchase a home. According to experts, keeping your credit report clear of bad debt is critical to financial success.
Louisiana attorney David Szwak has battled zombie debt on behalf of his clients for more than three decades. “So sometimes they tell you, ‘Oh, we’re removing that off your credit file,’ but then they don’t remove it. It comes right back on the file because it’s not been properly suppressed,” Szwak said. Szwak said at that point, his clients can face an uphill battle against a multitude of collectors.U.S. Air Force veteran Jesse James found himself battling zombie debt after returning from a long tour overseas.
“They said once I did [make a payment], then I had assumed the debt of that credit card and I was like ‘No, this is not mine,’” James said. According to Szwak, the sister company of the original debt collector had purchased the debt from the original case – even though it was supposed to be removed from James’ credit report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Expert advice on how to spot and protect yourself from ‘zombie debt’If old debts are damaging your credit report there’s a chance you could be haunted by a financial phenomenon called Zombie Debt. Consumer Investigator Rachel DePompa finds out how you spot zombie debt and what you can do to protect your credit.
Read more »
Could 'The Last of Us' Ever Happen? The Real Risks of a Fungus PandemicIn most ways, HBO's new series The Last of Us depicts a classic zombie apocalypse.
Read more »
The zombie fungus from 'The Last Of Us' is real — but not nearly as deadlyThe real-life zombie fungus that inspired 'The Last of Us' is known for taking over the bodies of bugs. Humans are immune — but we can catch other fungi, especially as they adapt to a warmer climate.
Read more »
Rob Zombie, Alice Cooper Will Transform Into 'Freaks on Parade' This SummerShock Rocker Rob Zombie and Alice Cooper will reunite this summer for another haunted hayride around the United States.
Read more »
Rob Zombie, Alice Cooper Set 2023 ‘Freaks on Parade’ Joint North American TourRob Zombie and Alice Cooper are going on a joint summer 2023 tour!
Read more »
Rob Zombie and Alice Cooper 'Freaks on Parade' tour coming to Phoenix in SeptemberGet ready for the freak show Phoenix, Rob Zombie and Alice Cooper's 'Freaks on Parade' tour is coming to the Valley, Sunday, September 24.
Read more »