FYI on "zombie debt"
By coffeebreak
@coffeebreak (17798)
United States
February 28, 2008 2:18pm CST
I just read on the ABC web site story that with the credit issues and all, that "zombie debts" are rising from the dead...meaning that those that people thought were dead, might come back at you. Limitations are usually 7 years in most states, but the problem is that the debts are bought and sold amongest credit collection agencies and they all have their business to run and earn money too, so they might start it up again.
2 responses
@randylovesdar (4932)
• United States
26 Jul 10
I have one credit card that I opened in California (back in 2003) and now I live in Idaho. Do I need to look up the limitations in Idaho or in California? I am hoping that it will drop off soon. Thank you so much for the information.
@coffeebreak (17798)
• United States
26 Jul 10
Don't know. I would think that California could track you down or any agency they turned the account over to, but I wouldn't imagin Idaho would do anything. Plus, being that old, even if CA did try...you have it in your favor that they haven't tried to get you in 7 years,and a judge would take that into consideration on your behalf. But look them up in Idaho too just to have all the facts. I don't know if they drop off like a BK does after 10 years or not...might look for that info and once it reaches that time period you could probably contact the credit agencies and tell them to remove it.
@dvschic (1795)
• United States
28 Feb 08
in california, its 7 years from your last activity, so even if they continually sell and resell that debt, as long as you dont make contact with them or send a payment it goes away. Sometimes the agencies tell you differently but as long as you know your rights you can fight it
@coffeebreak (17798)
• United States
28 Feb 08
Yeah it is 7 in CA. And yeah, just keep that answer machine on or screen your calls and don't talk to them.
