How does zombie debt affect your credit?

The moment a collections agent picks up your old zombie debt and brings it back to life, the agent will begin to threaten your credit. Since the debt may be months or years old, the agent can mark you as 90 plus days late on the debt--a significant dent to your credit. If you verify the lender's right to collect and make a payment, consider asking the lender to remove the negative report from your credit. Many collections agents will be happy to take this step in return for a payment in full.

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