zombie-debt-how-collectors-trick-consumers-into-reviving-dead-debts
zombie-debt-how-collectors-trick-consumers-into-reviving-dead-debts
8/23/2019
link
summary
This Washington Post article delves into the world of "zombie debt" and how collectors manipulate consumers into reviving old debts that they may not actually be legally obligated to pay. The article explains how collectors use tactics such as misleading letters, expired statutes of limitations, and even manipulation of credit reports to convince individuals to pay off old debts. It highlights the predatory nature of these practices and the financial strain they can cause on already vulnerable consumers. The article calls for greater regulation and consumer protection to prevent these deceptive debt collection practices.
tags
debt collection ꞏ personal finance ꞏ consumer rights ꞏ debt management ꞏ financial scams ꞏ zombie debt ꞏ debt collectors ꞏ credit score ꞏ financial education ꞏ financial literacy ꞏ consumer protection ꞏ debt recovery ꞏ debt repayment ꞏ debt forgiveness ꞏ financial fraud ꞏ unfair practices ꞏ financial industry ꞏ debt consolidation ꞏ debt settlement ꞏ predatory lending ꞏ financial planning ꞏ credit card debt ꞏ loan default ꞏ debt relief ꞏ financial hardship ꞏ loan forgiveness ꞏ financial awareness ꞏ debt manipulation ꞏ debt harassment ꞏ financial exploitation ꞏ collection agencies ꞏ consumer debt ꞏ debt enforcement ꞏ debt repayment options ꞏ debt recovery scams ꞏ debt traps ꞏ debt consolidation loans ꞏ debt negotiation ꞏ credit counseling ꞏ debt validation ꞏ debt management plan ꞏ debt consolidation program ꞏ statute of limitations ꞏ credit report ꞏ credit bureaus ꞏ debt recovery laws ꞏ zombie debt collection