zombie debt

    By Zac Bissonnette

    | 3:30PM 2/29/2008
    With credit defaults on the rise, more and more Americans are getting calls from debt collectors. Some of these are "zombie debt" collectors -- enterprising businesses that buy delinquent debt from banks for as little as 3 cents on the dollar and then work the phones to try to collect as much as...

    By Tom Barlow

    | 2:30PM 2/28/2008
    When I heard the term zombie debt, I had to grab the post. My zombie story, "Five Places You Must Visit After You Die" is included in the new anthology, "Book of Dead Things." But those aren't the zombies in question. Zombie debts are those old, unpaid debts owed companies that have given up...