The zombie apocalypse is real, and it’s eating your money. Well, it’s trying to anyway, and you might unknowingly be helping them.
If you’ve every received a phone call or letter in the mail demanding payment for a debt that is years old, you might have unfortunately have zombies knocking at your door. Some debt collectors have a way of resurrecting debt that is so old that is might actually be outside of the statutes of limitations for collection. We call that zombie debt.
A tactic that is often used is trying to reset the clock on an old debt. How do they do this? By trying to get you to make a mistake. If you acknowledge the debt by admitting that you owe, make a partial payment, or ignore a lawsuit, you might have just given a debt collector ammunition against you.
For more about this practice, check out the video below.