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June 2019

What is Zombie Debt?

Submitted by Epoch Wealth Management on June 3rd, 2019

Zombie debt is old debt that is typically written off as bad debt by the original creditor and then later sold to collection agencies for pennies on the dollar. Most of the debt sold is years old and cannot legally be collected, though many consumers are unaware of the statute of limitations for legal collection of this debt.

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