Beware of Zombie Debt
21-Jul-2009, 09:35 AM
#1
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Beware of Zombie Debt
This was probably already posted, and you guys probably already have heard about this, but I thought I'd post it up anyways:
Link to article: 'Zombie' debt is hard to kill - MSN Money
Here is the jist of the article:
"Aggressive companies can buy charged-off credit card accounts from the original lenders for pennies on the dollar or less. Then, they use credit-scoring and other new technologies to identify which debtors are most likely to pay."
Link to article: 'Zombie' debt is hard to kill - MSN Money
Here is the jist of the article:
"Aggressive companies can buy charged-off credit card accounts from the original lenders for pennies on the dollar or less. Then, they use credit-scoring and other new technologies to identify which debtors are most likely to pay."
21-Jul-2009, 10:19 AM
#2
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This was probably already posted, and you guys probably already have heard about this, but I thought I'd post it up anyways:
Link to article: 'Zombie' debt is hard to kill - MSN Money
Here is the jist of the article:
"Aggressive companies can buy charged-off credit card accounts from the original lenders for pennies on the dollar or less. Then, they use credit-scoring and other new technologies to identify which debtors are most likely to pay."
Link to article: 'Zombie' debt is hard to kill - MSN Money
Here is the jist of the article:
"Aggressive companies can buy charged-off credit card accounts from the original lenders for pennies on the dollar or less. Then, they use credit-scoring and other new technologies to identify which debtors are most likely to pay."
The six points at the end of the article, on how to fight back, were pretty good. 
21-Jul-2009, 10:21 AM
#3
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Join Date: Sep 2007
Location: Fortress of Superheroes
Posts: 7,275
I just wanted to give people a heads up, incase they never heard of it before.
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