Consumer Rights
Debt Collector Accused Of Abusing A Consumer Over A Zombie Debt
A consumer has accused Global Holding & Investment Co. of threatening her with a lawsuit in regards to a 20-year old “zombie” debt. The term “zombie debt” refers to debts that are “obsolete” as defined in the Fair Credit Reporting Act (FCRA). Under the FCRA, accounts are obsolete after 7 1/2 years after the first default which was never […]


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