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Tag Archives: zombie-debt

Comcast Claims We Didn’t Return a Cable Box Six Years Ago. Now What? – Sheryl

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“Dear Steve, I was a comcast customer Years ago. I returned all of my gear and i just received a bill for almost $1100. They are saying that I did not turn in my gear. Remote Control and Cable Box. It has been almost 6 years since I canceled my service with them. This is crazy. It is going to ... Read More »

My Citi Debt Was Split Between Two Debt Collectors. – Max

mysterious

“Dear Steve, I’m back again. This time I talked to Citi about getting a higher limit because they offered me 18 months of no APR again on the same account. They said no because I had an account in collections. What do you do when you hear this? You freak out. Was my ID stolen? Did I forget something I ... Read More »

I Have Old Debt From 10 Years Ago That’s Vanished. Do I Need to Worry About It? – Carrie

beware of zombies

“Dear Steve, I had accumulated about $20,000 of debt 10 years ago. I never addressed any of it, and had one judgement for $2500 come through the local courts. I’ve never been able to pay any of this debt. About 3 years ago I looked into my credit report to see what I could do about getting out from this ... Read More »

How to Deal With a New 1099-C Issued on Old Debt Using Little Known IRS Form 4598

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It seems more and more people are getting tax form 1099-C issued now for the forgiveness of old debt from as long as twenty years ago. That’s a problem for consumers. This old debt is sometimes called “zombie debt” because it appears to come back from the dead. The first thing you should do is not panic. There is a ... Read More »

Zombie Debt 1099 Style. And You Thought Your Old Debt Was Dead. LOL.

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THE KING OF ZOMBIE DEBT: THE 1099-C. WHAT TO DO WHEN COLLECTION CONTINUES AFTER RECEIVING A 1099-C By Gregory M. Fitzgerals, Esq. Most folks who get a 1099-C accept that it is a good news/bad news thing. The bad news is you must include the 1099-C as income on your taxes. The good news is you no longer owe the ... Read More »

There are Good Debt Collectors and Then There Are Debt Collectors That Lie, Cheat, Steal, and Threaten

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A reader brought the following article to my attention, America’s Abusive Debt Collectors on the DailyBeast.com. It is an interesting look into some of the bad collection outfits by Gary Rivlin. Gary includes first-person accounts of some of the actions they were asked or required to do to keep their jobs as collectors. These bad acts included everything you wished ... Read More »

How to stop a junk debt buying collection company from re-aging an old debt?

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Do collections agencies have access to Credit Bureaus? It seems like every year we pull our free credit reports, within days we start to get calls from strange collection agencies trying to collect on debts we had 10+ years ago. Every once in awhile I get a call on an old VISA card I had when I was 18 (20+ ... Read More »

A Paper Worth Reading: Robo-Signing and Lack of Proof in Debt Buyer Cases

Here is a great research paper worth reading. It certainly helps to focus the robo-signing issues we’ve all heard about with mortgages to a problem that debt relief providers will need to deal with. For a while we’ve talked about the issue of a debt relief provider that either sets up a payment plan or assists a consumer to settle ... Read More »

Am I Still Responsible for My Old Debt? – Rachel

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“Dear Steve, When I was 18, I had 2 Visa credit cards. I maxed them out within the first year, not realizing the consequences. Now, 11 years later, a collector that has purchased the debt has sent me a letter saying that I have 45 days to pay or make payment arrangements. The last payment that I made was 10 ... Read More »

I Just Got a Call From a Debt Collector On a Eight Year Old Debt. – Destiny

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“Dear Steve, I got a phone call from a collection agency the other day. They told me I owed over $300 on a phone bill from over 8 years ago in Kansas. My husband and I used cash to pay all of our bill back then and I know we paid our phone bill. I never got any kind of ... Read More »

They Say I Owe Magnolia Hospital a Debt From Twelve Years Ago. – Shelley

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Shelley “Dear Steve, I received a letter today (6/3/2009) supposedly from an attorney in Mississippi. I live in Tennessee. The letter says that I owe Magnolia Hospital $642.59 from 1/1997. It says that the amount is plus interest. This was 12 1/2 years ago. I was certain that this bill was paid following the birth of my child. I would ... Read More »

I Have a Zombie Debt. I Paid a Debt Off That They Want to Collect On Again. – Dawne

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Dawne “Dear Steve, I was contacted recently about a debt that I had three years ago. I paid some on it according to the debt collector but I thought I had paid all of it because for the past three years I have not had any contact from them at all. I saw something about statue of limitations and was ... Read More »

An Old Zombie Debt Has Resurfaced. What Should I Do? – Greg

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“Dear Steve, I have a zombie debt from 1997 that a company is calling about now. It was from a large retailer and while I’m pretty sure it was paid (Only a couple hundred dollars) I won’t swear to it, it’s just too far back to be sure of. Texas law says soL has ran out (4 yrs). I can ... Read More »

I’m Being Asked to Pay On a Debt I Paid But Can’t Find the Proof. – Stacey

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“Dear Steve, I was hospitalized in 2004 and paid out-of-pocket the balance that my insurance did not cover. I payed off and settled all debts at the beginning of 2005 with the hospital. They told me that I was clear and owed nothing else. This was almost 5 yrs ago and have not heard or received anything from them at ... Read More »

Beware Of Zombie Debt Collectors

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Beware Of Zombie Debt Collectors Forbes, NY - 15 minutes ago Read "Debt Consolidation Made Easy" to learn five steps to help you get out of debt faster.) The statute of limitations on debts varies by state, ... Read More »

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