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Thursday, April 3, 2008

About Credit / Debt Management: Night of the Living Debt

About.com   Credit / Debt Management
In the Spotlight | More Topics |
  from LaToya Irby
I'm a huge scary movie fan, but zombie movies have never interested me, nor have they scared me. Zombie debt on the other hand, now that's something I hope to never deal with.

 
In the Spotlight
How to Attack Zombie Debt
Zombie debt is just what the name suggests - debt that just won't die no matter what you do. Sometimes you need special weapons to fight this kind of debt.

 
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Should You Pay An Old Collection?
One way to get rid of the zombie debt is just to pay it. After all, you incurred it right? Is it worth paying off a collection after the statute of limitations and credit reporting time limits have expired?

 
Tactics for Paying Off Collections
If you decide to pay off the debt, try working with the collector to reduce the damage to your credit report. Push to have negative entries removed from your credit report in exchange for payment.

 
 
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