Paying off debt is a huge accomplishment and can feel like a weight lifted off your shoulders. So you might be confused and maybe even a little scared if you receive a letter notifying you that you actually still owe a debt you thought you had paid off. This is called zombie debt and it can occur for a handful of reasons.
Fortunately, there are a few ways to handle this scenario and in some instances you may not even need to pay a cent more than you already have. Below, CNBC Select explains what zombie debt is and how to deal with it.
What we’ll cover
What is zombie debt?
Zombie debt is any old debt that you thought was settled (or never knew about in the first place) that someone is now trying to collect on. Just when you thoug…
Read the full article at: https://www.cnbc.com/select/what-is-zombie-debt/