The collection of old debt that has past the statute of limitations for legal collection by law through collection letters, calls or lawsuits has often been called zombie debt.
It is called that because the unsuspecting debtor that may have owed the debt at one time, feels like the debt is “buried and gone” and can no longer be collected on because of the age of the debt.
Often, unscrupulous debt collectors will still harass or file lawsuits against unsuspecting folks and try to intimidate them into paying the debt, that by law they are NOT allowed to collect on.
A television station in Indiana has done a recent news story on this type of debt and what to watch for,click below for the story:
If you suspect that you may have have a debt collector or attorney attempting to collect a debt like this from you, talk to a lawyer immediately !
photo credit: Mark Lobo . via photopin cc