Zombie debt
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22 November 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/8-0&fd=A&url=http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php%3FID%3D153286&cid=1273038869&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNHegYmBNJPxOIIjCJ0qaXM7DwwmYg">Mills is the man with a plan</a> Ghana News, Ghana - <nobr>19 hours ago</nobr> Systemic irresponsible malfeasance has expropriated people's often meager wages to create continuous revenues of debt repayments that have redistributed ... |
21 November 2008, by WikiHow, a how-to-manual that you can edit, has excellent advice on dealing with zombie debt-old debts that cannot legally be collected through lawsuits. Companies buy the debt for pennies on the dollar and then use nefarious tactics to get consumers to pay. Tactics include harassing calls, threats to sue, and re-aging the debt (faking the date of last activity on the account) so as to report the debt on the consumer's credit reports. WikiHow outlines steps to take and not take. For example, d
21 November 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/4-0&fd=A&url=http://seekingalpha.com/article/107227-jim-rogers-on-today-s-market&cid=1272820550&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNEnPU2gg3HyL8ARu93hWiU4fWwsuw">Jim Rogers on Today's Market</a> Seeking Alpha, NY - <nobr>Nov 20, 2008</nobr> The Japanese were determined to protect and prop up their faltering businesses in the nineties, but all it did was leave them with a load of zombie banks. ... |
19 November 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/2-0&fd=A&url=http://seekingalpha.com/article/106809-should-gm-be-saved%3Fsource%3Dwildcard&cid=1272563066&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNFJC74eT9XnqDLcfQ6ydKv1wqFNZg">Justice Litle</a> Seeking Alpha, NY - <nobr>Nov 19, 2008</nobr> They should not be propped up like zombies, draining resources from taxpayers and dogging competitors with subsidized competition. ... |
19 November 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/1-0&fd=A&url=http://www.computerandvideogames.com/article.php%3Fid%3D202073&cid=1272243893&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNFG3nvFWLdPPGyqQkaCMJqOabA0gw">Left 4 Dead</a> CVG Online - <nobr>Nov 19, 2008</nobr> ... in debt to cinema clichés that the levels load with faux movie posters and the end credits point out how many zombies were "harmed in this production". ... |
17 November 2008, by This is a term you should get to know well. Zombie debt is debt that is purchased for next to nothing because it is aged as in 10-15 years old and sometimes older than that. It is bought by collection agencies that specialize in attempting to collect on old debt. The problem with all this is that these scoundrels threaten to sue consumers if they ignore the communications or refuse to pay any money. All the time that they are perpetrating their criminal acts and violating FTC regulations and th
17 November 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/7-0&fd=A&url=http://www.euromoney.com/Article/2038349/Corporate-defaults-The-LBO-zombies-set-to-stalk-the-market.html&cid=1271567903&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNGlMDUQ7T33nsx7ihMQSBAMyd82Rg">Corporate defaults: The LBO zombies set to stalk the market</a> Euromoney Magazine, UK - <nobr>Nov 17, 2008</nobr> According to Fitch Ratings, €145 billion B-rated corporate debt is due to refinance in Europe by 2016, €86 billion of which is highly leveraged, ... |
7 November 2008, by Did you know that during the last 10 years, collectors and factoring companies have been using ‘blackmail tactics’ and making millions in profits by collecting on debt that is not legally collectible? (”Zombie Debt”). The very premise of this violates consumer protection laws, most notably the Fair Debt Collection Practices Act [FDCPA]. How can this be, you say… Here’s how this lucrative, dirty little secret works. Let’s say that someone filed a bankruptcy that was discharged five years ago
5 November 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/3-0&fd=A&url=http://business.smh.com.au/business/banks-turn-their-guns-on-the-zombies-as-things-get-nasty-20081105-5ihk.html&cid=1266650783&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNHDAsxpR7RUfGk4bOl2_z_2ETFycg">Banks turn their guns on the zombies as things get nasty</a> Sydney Morning Herald, Australia - <nobr>Nov 5, 2008</nobr> Banks source their funds from customer deposits, short-term debt (90-day bills) and medium-term debt (three years, usually), with short-term debt ... |
4 November 2008, by Rosab Did you know that during the last 10 years, collectors and factoring companies have been using ‘blackmail tactics’ and making millions in profits by collecting on debt that is not legally collectible? (”Zombie Debt”). ...
3 November 2008, by Now this is a scam... Imagine you had a debt. Something so old it’s not legally a debt anymore. Lots of people have these lingering in the past, that first credit card when they were college, a dept store card when they were fresh out of high school, or some other bit of foolishness. ...
31 October 2008, by unknown Beware Of Zombie Debt Collectors Forbes, NY - 22 minutes ago Read " Debt Consolidation Made Easy" to learn five steps to help you get out of debt faster.
31 October 2008, by Don't let debt collectors chase you down for money you no longer owe. Here's how to fight them off.
31 October 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/0-0&fd=A&url=http://www.forbes.com/finance/2008/10/31/debt-creditors-default-pf-education-in_af_1031investopedia_inl.html&cid=0&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNF6RB1jeEXFO9VfmuvZbOiFLT8cvw">Beware Of Zombie Debt Collectors</a> Forbes, NY - <nobr>Oct 31, 2008</nobr> Have you ever received a letter or phone call asking you to pay a debt that you're not sure you owe? If so, you may be the target of zombie debt collectors. ... |
31 October 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/5-0&fd=A&url=http://www.nashuatelegraph.com/apps/pbcs.dll/article%3FAID%3D/20081031/BUSINESS/810319986/-1/XML15&cid=1265242614&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNGlDM44kx_q9ArtmromWXr2uFO9Cg">PC Connection profits drop by half</a> Nashua Telegraph, NH - <nobr>Oct 31, 2008</nobr> These companies pay pennies on the dollar to acquire portfolios of “zombie debt” from phone companies, banks, health care providers and stores. ... |
30 October 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/6-0&fd=A&url=http://ap.google.com/article/ALeqM5gfOxVBQyOGEQsmyNIxY8uexMVH4AD944URB00&cid=1264656617&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNG7xYohZf2SaNyhFnNRQiug12TdAQ">Bill collectors get tough, and complaints surge</a> The Associated Press - <nobr>Oct 30, 2008</nobr> These companies pay pennies on the dollar to acquire portfolios of "zombie debt" from phone companies, banks, health care providers and stores. ... |
30 October 2008, by unknown Are old debts coming back to haunt you? We'll show you how to keep these zombies from eating you alive.
29 October 2008, by
<img alt="" height="1" width="1"> <a href="http://news.google.com/news/url?sa=T&ct=us/9-0&fd=A&url=http://www.dallasnews.com/sharedcontent/dws/bus/columnists/jlanders/stories/DN-landers_28bus.ART.State.Edition1.4a5fc9e.html&cid=1264220270&ei=WqIoSfj3D5XM8ATL1sUY&usg=AFQjCNE6PIwkHeSnpNR-X9w337PkhTqAQg">Our debt to China is also to blame for financial crisis</a> Dallas Morning News, TX - <nobr>Oct 29, 2008</nobr> Some of them are zombies that, once their losses are revealed, will fail. It's time to reveal what's in those bank portfolios, says Nobel Prize-winning ... |
25 October 2008, by rlambertnj
23 October 2008, by A common ploy which is at the least deceptive and at the worst a violation of the FCRA (Fair Credit Reporting Act) is for buyers of old or junk debt to attempt to restart the clock on the statute of limitations by reporting “new activiity” on your credit report when in fact they know very well they are barred from doing so by the FCRA. The date of last activity would technically be the date of your last payment or the date that the original creditor charged off the account. You can inform the c
22 October 2008, by djgramma
21 October 2008, by rand0m1
21 October 2008, by rbriggz
21 October 2008, by rand0m1
21 October 2008, by rand0m1
20 October 2008, by whoisharley
20 October 2008, by riosgerman
1 October 2008, by The three big credit reporting agencies—Experian, TransUnion, and Equifax—have been inaccurately reporting debts on millions of consumers' credit reports even after the debts have been forgiven during bankruptcy filings. Once forgiven, the debts are supposed to be removed from credit reports, but the agencies are continuing to report them as active. They have until October 1st to comply with Judge David O. Carter's order to "revamp their systems," writes Jane J. Kim on the Wall Street Journal's
21 September 2008, by Laura Orr You know the guy in the B movie who seals his own doom by panicking and getting himself cornered by the relentless zombie army? Zombie debt collectors expect you to be that guy. They make their profits from consumers who don't know ...
16 September 2008, by unknown Zombie Debt - Definition of Zombie Debt on Investopedia - A type of bad debt that is so old a person may have forgotten he or she owed it in the first place. The debt has.
